Price is a concept relating to how post-deregulation transportation firms 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

Price, especially in the context of post-deregulation transportation firms, is largely influenced by market forces such as supply and demand rather than being strictly determined by regulatory bodies, cost alone, or listed tariffs. This shift allows prices to fluctuate and adjust in response to the competitive market environment.

Price Is a Concept Relating to How Post-Deregulation Transportation Firms