Nestle is the number one producer of baby formula in the world. (Formula is an $11.5 billion dollar industry.) The company has received sharp criticism for its inroads into third world countries, where they have created massive demand for baby formula in a place where the poverty is so inte...
A firm's markup is: A) the amount by which price equals marginal cost. B) the amount by which price exceeds marginal cost. C) the firm's total cost. D) the firm's total profit. E) the amount by which price i...