_____ help determine the price of goods and services when there is no set price in the marketplace.
A)Bargains
B)Auctions
C)Barters
D)Deals

Question

Quizplus · Accepted Answer

Auctions allow buyers to bid on a good or service, with the highest bidder ultimately determining the price. This is useful when there is not a set price in the marketplace, as it allows the market to determine the value of the item. Bargains, deals, and barters do not necessarily involve a market-based pricing system.

_____ Help Determine the Price of Goods and Services When