Question

how price is determine under perfect competition

Answer 1

At perfect competition the seller of goods just want to sell as much as he can at least profit..
But yes the motive of business is to earn profit. No business can survive eithout profit. So they sell their goods at less profits but not at loss.

Answer 2

Hi friend ,
--------------------------------------------------------------------------------------your answer is
In perfect competition, the price of a product I'd determined at a point at which the demand and supply curve intersect each other. This point is known as equilibrium point as well as the price is known as equilibrium price. In addition , at this point , the quality demanded and supplied is called equilibrium quantity ..

My answer Will helps you I think