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In a perfect competition, the market price is determined by_______

In a perfect competition, the market price is determined by_______
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A The government
  • B The producer
  • C The consumer
  • D The market supply and demand junctions
Correct Answer: Option 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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