Economy, asked by sonali2853, 6 months ago

please answer fast and correct✅ please... ​

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Answered by Anonymous
21

Answer:

Price determination under perfect competition is a market structure characterized by a complete absence of rivalry among the individual firms. Industry only decides the price of the goods. sellers and buyers cannot decide the price. It means the forces of supply and demand determine the determine the price of the good.

Answered by Anonymous
16

Answer:

Price determination under perfect competition is a market structure characterized by a complete absence of rivalry among the individual firms. Industry only decides the price of the goods. sellers and buyers cannot decide the price. It means the forces of supply and demand determine the determine the price of the good.

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