how is price determine under perfect competition explain with help of diagram
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Explanation:
Determination of Market Price: Market price is determined by the equilibrium between demand and supply in a market period or very short run. The market period is so short that more cannot be produced in response to increased demand. ...
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Answer:
Determination of Market Price:
Market price is determined by the equilibrium between demand and supply in a market period or very short run.
The market period is a period in which the maximum that can be supplied is limited by the existing stock.
Anonymous:
Yes...
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