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28-01-2020
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How does voluntary exchange help set prices in a market economy?

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28-01-2020

Answer:

How does voluntary exchange help set prices in a market economy?

Voluntary exchange enables fluctuation in prices and makes it to be vary in the market system, this uncontrolled prices enables customers to buy same goods at different prices because each supplier sells at any convenient prices that suits them not adding both variable cost and fixed cost to determine the price.

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