Which statement or combination of statements is the most accurate regarding prices? Multiple Choice Prices...

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Accounting

Which statement or combination of statements is the most accurate regarding prices?
Multiple Choice
Prices are often determined by the market, subject to the constraint that costs must be covered in the long run
Prices are often based on costs, subject to the constraint that customers and competitors will exert an influence
Prices are often determined by the market, subject to the constraint that costs must be covered in the long run. A balance of market forces and cost is important when making pricing decisions
Prices are often based on costs, subject to the constraint that customers and compettiors will exert an influence. A balance of market forces and cost is important when making pricing decisions
Prices are often determined by the market, subject to the constraint that costs must be covered in the long run. Prices are often based on costs, subject to the constraint that customers and competitors will exert
an influence. A balance of market forces and cost is important when making pricing decisions
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