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Which of the following is true of price? a.Price must be greater than cost for...

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Accounting

Which of the following is true of price?

a.Price must be greater than cost for a firm to earn income.

b.Price is the difference between gross margin and the cost of goods sold.

c.Price is a dollar measure of the resources used to achieve a given benefit.

d.Price is the difference between cost per unit and income per unit.

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