The most accurate reason that market prices are not always the same as equilibrium prices is: It is not always practical for businesses to change their prices on a daily basis in order to reflect the equilibrium price. This reflects the reality that businesses often set prices based on a variety of factors, including competition, customer preference, and inventory considerations, rather than continuously adjusting to the equilibrium point determined by supply and demand.
What is a reason that market prices are not always the same as equilibrium prices? (1 point) Responses Market prices are often set by buyers rather than by sellers. Market prices are often set by buyers rather than by sellers. Supply and demand are not well-understood by business owners. Supply and demand are not well-understood by business owners. The equilibrium is not always the most profitable price point. The equilibrium is not always the most profitable price point. It is not always practical for businesses to change their prices on a daily basis in order to reflect the equilibrium price. It is not always practical for businesses to change their prices on a daily basis in order to reflect the equilibrium price.
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