Economy, asked by moditanya18, 3 months ago

who dertemine price under perfect competition

Answers

Answered by anjalirehan04

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.

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Answered by sonalibasu08

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 the market supply and demand forces,individual firms become price tanker.

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