8gxf
Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

In a perfectly competitive market, which of the following determines the market price? A) market demand and a firm's supply B) market supply and a firm's demand C) a firm's demand and its supply D) market demand and market supply​

Sagot :

ayokenny2001

Market demand and market supply is what determines the market price in a perfectly competitive market.

What is perfectly competitive market?

This is a market structure in which companies sell identical products, and in which market share does not influence price.

Characteristics of perfect competition includes:

1. All producers sell identical goods or services.

2. There are many buyers and sellers.

3. Buyers and sellers in perfectly competitive markets are price takers.

Learn more about perfectly competitive market here : https://brainly.com/question/1748396

#SPJ1

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.