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In a mixed economy, how might the government influence pricing?
  • a)
    By allowing complete freedom for businesses to set prices.
  • b)
    By determining prices solely based on cost data.
  • c)
    By controlling prices to achieve certain targets and prevent inflation.
  • d)
    By letting consumers decide prices through demand.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
In a mixed economy, how might the government influence pricing?a)By al...
In a mixed economy, the government may influence pricing by controlling prices to achieve certain targets, prevent inflationary price rises, and ensure fair pricing for consumers. This involves implementing price control measures to regulate relative prices and prevent abnormal price increases.
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In a mixed economy, how might the government influence pricing?a)By allowing complete freedom for businesses to set prices.b)By determining prices solely based on cost data.c)By controlling prices to achieve certain targets and prevent inflation.d)By letting consumers decide prices through demand.Correct answer is option 'C'. Can you explain this answer?
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In a mixed economy, how might the government influence pricing?a)By allowing complete freedom for businesses to set prices.b)By determining prices solely based on cost data.c)By controlling prices to achieve certain targets and prevent inflation.d)By letting consumers decide prices through demand.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In a mixed economy, how might the government influence pricing?a)By allowing complete freedom for businesses to set prices.b)By determining prices solely based on cost data.c)By controlling prices to achieve certain targets and prevent inflation.d)By letting consumers decide prices through demand.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a mixed economy, how might the government influence pricing?a)By allowing complete freedom for businesses to set prices.b)By determining prices solely based on cost data.c)By controlling prices to achieve certain targets and prevent inflation.d)By letting consumers decide prices through demand.Correct answer is option 'C'. Can you explain this answer?.
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