Market forces drive pricing from "summary" of The Antitrust Paradox by Robert Bork
The pricing of goods and services in a market economy is determined by the forces of supply and demand. When there is high demand for a product and limited supply, prices tend to rise. Conversely, when supply exceeds demand, prices will fall. This basic economic principle is known as the law of supply and demand. Market forces such as competition play a crucial role in determining prices. In a competitive market, businesses are constantly vying for customers by offering lower prices or better quality products. This competition helps to keep prices in check and ensures that consumers are getting the best value for their money. In addition to competition, other market forces su...
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