Under __________________, price is determined by the interaction of total demand and total supply in the market.
A)Perfect competition
B)Monopoly
C)Imperfect competition
D)Monopolistic Competition

Question

Quizplus · Accepted Answer

In a perfect competition market structure, price is determined by the interaction of total demand and total supply, as there are many buyers and sellers, none of whom can influence the market price on their own.

Under __________________, Price Is Determined by the Interaction of Total