The markup pricing technique involves determining the selling price of a good by adding a profit...

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The markup pricing technique involves determining the selling price of a good by adding a profit markup to minimum average cost. This would result in maximum profits only if O a. demand were inelastic. O b. average cost were constant. O c. the markup were zero. O d. the markup varied with the elasticity of demand. The markup pricing technique involves determining the selling price of a good by adding a profit markup to minimum average cost. This would result in maximum profits only if O a. demand were inelastic. O b. average cost were constant. O c. the markup were zero. O d. the markup varied with the elasticity of demand.

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