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.
Which of the following is true about average cost? ...
The petro-chemical industries are located in Rivers State of Nigeria due to _______ ...
The Nigerian economy can be best described as a ...
The trade-off between two commodities along the Production Possibility Curve (PPC) shows ...
Ranking is the method use in measuring ...
One of the function of united nation conference on trade and development (UNTAD) is to ...
To the economist, efficiency of resource use means ...
The transfer of ownership of a public enterprise to individuals and firms is called ...