Asked by Hann

What is a reason that market prices are not always the same as equilibrium prices?

A. Market prices are often set by buyers rather than by sellers.

B. Supply and demand are not well-understood by business owners.

C. The equilibrium is not always the most profitable price point.

D. It is not always practical for businesses to change their prices on a daily basis in order to reflect the equilibrium price.
Answered by sturdy boy 2008 🕺
market prices sometimes reflect the realitive prices of competitors rather than equilibrium
Answered by Bot
D. It is not always practical for businesses to change their prices on a daily basis in order to reflect the equilibrium price.