Economy, asked by rilwan9347, 9 months ago

Explain price and output determination under perfect competition market

Answers

Answered by carrompooltoofan

6

Answer:

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Explanation:

Under perfect competition, the buyers and sellers cannot influence the market price by increasing or decreasing their purchases or output, respectively. ... In perfect competition, the price of a product is determined at a point at which the demand and supply curve intersect each other.

Answered by manickasamy77

0

Under perfect competition, the buyers and sellers cannot influence the market price by increasing or decreasing their purchases or output, respectively. ... In perfect competition, the price of a product is determined at a point at which the demand and supply curve intersect each other.

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