In a perfect competition, the market price is determined ...
In a perfect competition, the market price is determined by_______
The government
The producer
The consumer
The market supply and demand junctions
Correct answer is D
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.
Public ownership of productive factors is a feature of_______? ...
Which of the following is NOT an internal dis-economy of scales? ...
Which of the following set of statistical tools is used for further economic analysis? ...
The principle of comparative advantage encourages a country to ...
Quantity (kg) Fixed cost ($) Variable cost ($) Total cost ($) Marginal c...
Balance of trade involves the exchange of ...
The main handicap of sole proprietorship is? ...