In a perfect competition, the market price is determined by_______

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Economics JAMB 2019

In a perfect competition, the market price is determined by_______

  • the government
  • the producer
  • the consumer
  • the market supply and demand junctions checkmark

The correct answer is: D

Explanation

Since the buyers or sellers cannot influence the price of goods and services. The Demand and Supply determined the price the firm can sell any quantity it wishes.

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