Market-based prices are least likely to be influenced by:

Name: Market-based prices are least likely to be influenced by:
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Market-based prices are primarily influenced by factors such as competition, whether the product is a commodity, and the degree of product differentiation, which all relate to supply and demand dynamics. The cost to produce the product, while important for determining profitability, is less likely to directly influence market-based prices compared to these other factors.

Market-Based Prices Are Least Likely to Be Influenced By