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If a firm covers the cost of production for its product and also adds a 15% profit to the price it charges its customer, then this is considered ________. Group of answer choices break-even regulation price-cap regulation Average cost pricing regulation cost-plus regulation

Sagot :

eooyibo123

Answer:

cost-plus regulation

Explanation:

Pricing regulation is the strategy the a government uses in controlling the price of commodities at the retail markets and other stages in the production process.

The cost-plus regulation of prices allows businesses the set prices on goods that will meet up with the cost of production of the good and also add a normal rate of profit.

In the given instance the firm covers the cost of production for its product and also adds a 15% profit to the price it charges its customer.

This is cost-plus regulation.

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