Question

Price is a concept relating to how post-deregulation transportation firms determine and impose charges for their services. which is a distinguishing feature of this concept of price?

a. the amount found in a tariff book as payment to a carrier for performing a transport service
b. a lawful charge imposed by a carrier on a commodity movement
c. a value or level that is determined based on prevailing market forces
d. a charge determined primarily by considering a carrier's costs only

Answer 1

The correct answer is option c.

Step-by-step explanation:

The price of a product is the value of the product that is determined in the market through the working of the market forces. After deregulation, the price of any product or service such as transportation is determined in the market.

It is determined by the interaction of the demand for transportation and the supply of transportation.