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

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

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

Answer

Brief Explanations:

Adam Smith, the father of modern economics, advocated the free - market system. He believed that competition among businesses in a capitalist system drives fair prices as they strive to offer better products at lower costs to gain market share.

Answer:

A. through competition between businesses.