In a competitive market, the quantity bought and sold is determined by:

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In a competitive market, the quantity bought and sold is determined by the reservation prices of both demanders and suppliers. The demanders have a reservation price that represents the maximum price they are willing to pay for a good or service, while the suppliers have a reservation price that represents the minimum price they are willing to accept for selling the good or service. The quantity bought and sold in the market is determined by the point where the demanders' reservation price intersects with the suppliers' reservation price. This is known as the market equilibrium point, where the quantity supplied equals the quantity demanded.

In a Competitive Market, the Quantity Bought and Sold Is