Economy, asked by pardeepsinghgarrybha, 5 months ago

In a perfectly competitive market, the price of the commodity is determined by the industry.

(True/False)​

Answers

Answered by rudrasharmanoni
23

Answer:

In perfect competition, a firm independently determines price. Answer: False: In perfect competition, a firm is only price taker and industry is price maker. In perfect competition every firm of the industry is price maker.

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