Why isn't knowing the cost of producing a good sufficient to predict its market price?

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:26 AM

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Why isn't knowing the cost of producing a good sufficient to predict its market price?

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The equilibrium price of a good is determined by the intersection of its ...View the full answer

Principles of Economics

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