adam smith believed that fair prices for goods are determined in a capitalist system\n○ through competition…

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

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

Answer

Brief Explanations:

Adam Smith, the father of modern economics, advocated the free - market system. He believed that in a capitalist system, fair prices are determined by the forces of supply and demand which are driven by competition between businesses. Government regulation, import/export limits, and consumer - to - consumer competition are not his main ideas on price determination.

Answer:

A. through competition between businesses