When pricing automobiles, american car companies typically charge a much higher percentage markup over cost for "luxury option" items (such as leather trim, etc.) than for the car itself or for more "basic" options such as power steering and automatic transmission. explain why.

Which of the following best describes the term capitalism? it is a concept that holds, at a minimum, that all people are entitled to equal protection under the law. it is an economic system based on the private ownership of wealth-producing property. it is a set of political beliefs that include the advocacy of active government. it is an intrinsic property which measures the disregard for material possessions. it is a more popular term for the set of political beliefs known as liberalism.