What is the term used to describe a situation where the price of a good or service is determined by the market forces of supply and demand without government intervention? A) Monopoly B) Oligopoly C) Perfect competition D) Monopolistic competition.

Survey Of Economics
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Author:Tucker, Irvin B.
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Chapter9: Monopolistic Competition And Oligoply
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What is the term used to describe a situation where the price of a good or service is determined by the market forces of supply and demand without government intervention?
A) Monopoly
B) Oligopoly
C) Perfect competition
D) Monopolistic competition.

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