The underlying forces that dictate price are generally the same across industries,so that all businesses in that industry have the same underlying cost factors.

Question

Quizplus · Accepted Answer

While there may be some common cost factors across industries, the underlying forces that dictate price can vary greatly depending on the specific industry and its market conditions. Factors such as supply and demand, competition, production costs, and consumer behavior can all impact pricing differently across industries.

The Underlying Forces That Dictate Price Are Generally the Same