In a perfect competition, the market price is determined by_______
ECONOMICSJAMB 2021
In a perfect competition, the market price is determined by_______
- A. the government
- B. the producer
- C. the consumer
- D. the market supply and demand junctions
Correct Answer: D. the market supply and demand junctions
Explanation
Since the buyers or sellers cannot influence the price of goods and services. The Demand and Supply determined the price the firm can sell any quantity it wishes.
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