Which pricing constraint is demonstrated by the following statement: "Most public utilities must petition regulatory commissions in order to obtain a rate increase"?

Which pricing constraint is demonstrated by the following statement: "Most public utilities must petition regulatory commissions in order to obtain a rate increase"?



A.

demand for the product, class, or brand


B.

newness of product in the life cycle


C.

costs of production


D.

type of competitive markets



Answer: D


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