In a perfectly competitive market, the price of the good or service is determined bythe individual producersO the individual consumersgovernment agenciesmarket supply and market demand

In a competitive equilibrium each buyer or seller have very less part of the entire market. So, they…

Answered: In a perfectly competitive market, the…

In a perfectly competitive market, the price of the good or service is determined by O the individual producers O the individual consumers government agencies market supply and market demand

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter24: Perfect Competition

Section: Chapter Questions

Problem 7E

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In a perfectly competitive market, the price of the good or service is determined by
the individual producers
O the individual consumers
government agencies
market supply and market demand

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