Question

adam smith believed that fair prices for goods are determined in a capitalist system through competition between businesses. by government regulation of businesses. by setting limits on imports and exports. through competition between consumers.

Explanation:

Adam Smith, the father of modern - economics, advocated the free - market system. In a capitalist free - market, fair prices are determined by the competition between businesses as they strive to offer better products at lower prices to gain market share. Government regulation, import/export limits, and consumer - to - consumer competition are not the main ways he believed determined fair prices.

Answer:

A. through competition between businesses