Producers often use ________ as a primary basis for setting prices on the goods and services they offer the public.
A) tariffs
B) costs
C) market share
D) quotas

Question

Quizplus · Accepted Answer

Producers often consider their costs, such as the costs of production, ingredients, labor, and transportation, when setting prices for their goods and services. This allows them to ensure that they cover their expenses and make a profit, while also remaining competitive in the market. Tariffs and quotas are generally set by governments, while market share may influence pricing decisions but is not typically the primary basis for setting prices.

Producers Often Use ________ as a Primary Basis for Setting