What should the firm have charged to maximize profits

Reference no: EM13833325

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Discuss a situation in which either your firm used cost-plus pricing or you did business with a firm that used cost-plus pricing. Explain why this was a poor choice for the firm's price making decision. What should the firm have charged to maximize profits?

Be sure to use the ideas of marginal cost versus average cost in your discussion.

Reference no: EM13833325

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