Question

    The sphere within which price determining forces operate is 

    A Marketing margin Correct Answer Incorrect Answer
    B Market Correct Answer Incorrect Answer
    C Octroi Correct Answer Incorrect Answer
    D Price support operations Correct Answer Incorrect Answer

    Solution

    Market - A market is defined as any arrangement that allows buyers and sellers to exchange goods and services. This is where the forces of supply and demand operate to determine prices.

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