Economy, asked by reshma33389, 5 months ago

In the mark up theory, price=______
+ mark up​

Answers

Answered by Heavenlybody
1

Answer:

markup = 1 − ( elasticity of demand) − 1 . Markup is greater than or equal to zero—that is, the firm never sets a price below marginal cost. Markup is smaller when demand is more elastic.

Explanation:

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