Question:
Which of the following determine the price under perfect competition?
Which of the following determine the price under perfect competition?
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In perfect competition, firms are price takers and cannot influence the market price.
Updated On: Nov 5, 2025
- Representative firm
- General firm
- Industry
- Government
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Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Under perfect competition, the price is determined by the industry supply and demand curves, not by any individual firm.
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