In a perfectly competitive market,at the market price,buyers

Question

Quizplus · Accepted Answer

In a perfectly competitive market, the market price is determined by the interaction of buyers and sellers and is such that the quantity of goods or services demanded by buyers equals the quantity supplied by sellers. In this scenario, buyers can buy all they want at the market price, and sellers can sell all they want, hence perfect competition. Therefore, the correct answer is D - buyers can buy all they want, and sellers can sell all they want.

In a Perfectly Competitive Market,at the Market Price,buyers