Which answer best explains the concepts of pricing?
A) Consumers all want to pay the same price for the same product. Businesses agree among themselves what that price should be.
B) consumers buy the products the lowest prices. Businesses must figure out how to keep costs low so they can make a profit
. C) Consumers demand to know how much profit companies make.
Businesses must price products in a way that shows they are fair
d) Consumers choose what to buy based partly on price. Businesses consider this as they determine the pricing for their products.
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