short answer A. Set forth the basic markup pricing technique. B. What role does price elasticity...

short answer

A. Set forth the basic markup pricing technique.

B. What role does price elasticity play in markup pricing? Respond in terms of a more elastic demand, and then a more inelastic demand.

C. Generally speaking, why is price discrimination typically a good thing for both businesses and consumers?

Expert Solution

Rahul Sunny answered 2 years ago

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