Business Studies, asked by asjadking82gmailcom, 2 months ago

In a perfectly competitive market individual firms become price .

Answers

Answered by dearbornsen

Answer:

JREHG KBRHB

Explanation:

G.JRBWOUHGvwv buregty2

Answered by rakshitapandey1803

Answer:

Price is determined by the intersection of market demand and market supply; individual firms do not have any influence on the market price in perfect competition. Once the market price has been determined by market supply and demand forces, individual firms become price takers.

hope it helps :)

Previous Question

Next Question

Similar questions

Math, 1 month ago

Expand using suitable identity (2x+y)²...

English, 1 month ago

Q14. When 1 the station, the train (fill in the blanks with proper 'verbs' from the given options) a) had reached, left b) reached, had left c) reached, left d) reach, is leaving...

Chemistry, 1 month ago

Define Between Mixtures and Compounds.

English, 2 months ago

one cannot gather grapes change into passive voice...