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Under perfect competition if no single …

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Under perfect competition if no single seller or buyer can influence the market price then who can influence the market price and how
  • 2 answers

Pankaj Fatnani 7 years, 11 months ago

Under perfect competition, maket price is decided by the industry and firms have to follow that price only that's why demand curve in perfect competition is parallel to x-axis. Demand and supply can not affect the market price

Sanjana Matharu 7 years, 11 months ago

Market forces i.e demand and supply
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