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MAXImum [283]
3 years ago
12

In a free market system, market prices are determined by (choose all that apply.)

Business
1 answer:
loris [4]3 years ago
6 0
<span>In a free market system, market prices are determined by:
- Competition
- Self-Interest
- Government

Competition will affect how the producers sell their product to obtain the maximum amount of customers The more competition usually lead to lower price.
Self-interest will determine the interest for a certain product in the market. The more people interested in a product, the higher the price would be.
Government will influence product's price thorugh taxation</span>
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