Columbia’s coffee producers operate in a perfectly competitive industry. The market price for a pound of coffee is determined by?   A.the Columbian government.   B.the intersection of world supply and world demand for coffee.   C.the international coffee federation.   D.Columbian coffee farmers

Economics:
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Author:BOYES, William
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Chapter24: Perfect Competition
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Columbia’s coffee producers operate in a perfectly competitive industry.

The market price for a pound of coffee is determined by?
 
A.the Columbian government.
 
B.the intersection of world supply and world demand for coffee.
 
C.the international coffee federation.
 
D.Columbian coffee farmers.
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