In a perfectly competitive market,the market clearing price is ________ the equilibrium price.

Name: In a perfectly competitive market,the market clearing price is ________ the equilibrium price.
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Question

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In a perfectly competitive market, the market clearing price is the price at which the quantity demanded equals the quantity supplied, which is the definition of the equilibrium price. Therefore, the market clearing price and the equilibrium price are always equal in a perfectly competitive market.

In a Perfectly Competitive Market,the Market Clearing Price Is ________