Two reasons why valuing goods at their market prices is different than valuing them at their factor costs include

Name: Two reasons why valuing goods at their market prices is different than valuing them at their factor costs include
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Valuing goods at market prices includes the impact of indirect taxes (which increase the market price) and subsidies (which decrease the market price), making it different from valuing them at factor costs, which refers to the cost of all inputs used in production.

Two Reasons Why Valuing Goods at Their Market Prices Is