Question

Explain the price determination of industry with the help of a suitable figure under perfect competition market.

Answer 1

Explanation:

The market price and output is determined on the basis of consumer demand and market supply under perfect competition. In other words, the firms and industry should be in equilibrium at a price level in which quantity demand is equal to the quantity supplied.

Answer 2

Answer:

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market price and output of the determination of entry with the help of a suitable under perfect competition of market...➡️✌️♥️