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Neoclassical Price Theory in Construction by Wong Leh Chong is a document available to read on EtoBox.

Neoclassical economics explains price determination through the interaction of supply and demand in competitive markets. According to neoclassical theory, prices are determined by consumer demand for a product based on its perceived value, rather than just production costs. In the construction industry, markets vary in their competitiveness and prices are not always set purely by supply and demand, but are also influenced by other factors like competitor behavior. While neoclassical economics provides a the

Author

Wong Leh Chong

Language

EN