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The market price of copper gives us information on: a.how much capital equipment was used in...

The market price of copper gives us information on:

a.how much capital equipment was used in its production.

b.the value of copper in its next highest-valued use.

c.the value of labor used to mine copper.

d.the competitiveness of the copper market.

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Answer #1

d. the competitiveness of the copper market.

(Market price of a product shows the competitiveness of that product in the market as the market price is determined by the competitive forces of demand and supply.)

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