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What is the free market mechanism that establishes the value of goods between buyers and sellers?

April 26, 2017Buyers establishes Free market mechanism Sellers value

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What is the free market mechanism that establishes the value of goods between buyers and sellers?

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Market equilibrium, for example, refers to a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. ChaCha on!