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The market forces such as demand, supply, competitive pricing and so on fail to incentivize the reduction of which cost?
In a free market, market forces include demand, supply, competitive pricing, and so on. These forces do not incentivize a reduction of ____________________costs.
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reduction of market costs
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It is the equilibrium cost is influenced by the market when the demand and supply or the competitive pricing fail to give incentives to boost the market.
However, in a free market, the market costs are forced by the situation in the market according to the demand and supply or the incentives or the entry of a competitor.
The price system largely depends on the demand and supply and the production cost.
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