Price is a concept relating to how post-deregulation transportation firm,determine and impose charges for their services.Which is a distinguishing feature of this concept of price?
A) the amount found in a Tariff Book as payment to a carrier for performing a transport service
B) a lawful charge imposed by a carrier on a commodity movement
C) a value or level that is determined based on prevailing market forces
D) a charge determined primarily by considering a carrier's costs only

Question

Quizplus · Accepted Answer

The distinguishing feature of this concept of price is that it is determined based on prevailing market forces, rather than being primarily driven by a carrier's costs or a fixed tariff rate. This means that prices may fluctuate based on supply and demand, competition, and other market factors.

Price Is a Concept Relating to How Post-Deregulation Transportation Firm,determine