On prices, as exchange values expressed in a quantity of money, untruths abound. In the field of cost prices, the allocation of common costs and margin targets can only be arbitrary. It's not true. The most general law that should normally govern the market economy would be well known and more often respected than circumvented. It's not true. The biases on the theory of value, the basis of higher education in economics, would be insurmountable. It's not true.
Numerous untruths pervade the discourse on prices, which are merely as exchange values quantified in monetary terms. It is a common fallacy that the allocation of common costs and the determination of margin targets are inherently arbitrary processes. Likewise, the assertion that the market economy's most fundamental law is more often circumvented than respected is without merit. Finally, the supposed insurmountable biases within value theory—the cornerstone of economic education—represent a profound misunderstanding of the field's intellectual foundations.