Prices may not be directly related to costs in the market approach.

Name: Prices may not be directly related to costs in the market approach.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The market approach takes into account the prices of comparable assets, which may not necessarily reflect their costs. Prices may be influenced by supply and demand, perceived value, and other market conditions. Therefore, prices may not always be directly related to costs in the market approach.

Prices May Not Be Directly Related to Costs in the Market