If a competitive market operates perfectly,it relies on

Question

Quizplus · Accepted Answer

A competitive market operating perfectly relies on the laws of supply and demand, where the market itself sets the price and quantity of goods and services exchanged. The number of people buying goods, how many products can be produced for sale, and how much people are willing to pay for the products are all important factors in a competitive market, but they are ultimately determined by the interaction between supply and demand.

If a Competitive Market Operates Perfectly,it Relies on