The big problem with average-cost pricing is that:

The big problem with average-cost pricing is that:


A. fixed costs are hard to estimate.

B. it ignores the firm's demand curve.

C. it doesn't consider the effect of variable costs.

D. there is no way to include a desired profit per unit.

E. None of the above is true.



Answer: B. it ignores the firm's demand curve.


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