Economy, asked by dancingsuperstar83, 5 months ago

Q.14 why perfect competition is not price determination?

Answers

Answered by srini65

Answer:

Hi here is your answer

Explanation:

The price in perfect competition is determined by market forces which is demand and supply. ... The demand line is equal to marginal revenue and mr is equal to price. Demand line is straight because in perfect competition firms are not price makers they are price takers.

Good night sweet dreams

Answered by serumndachenchyya

Explanation:

the price in perfect competition is determined by market force which is demand and supply. the demand line is equal to marginal revenue and Mr is equal to price.

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