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In a perfectly competitive market, which of the following determines the market price? A) market demand and a firm's supply B) market supply and a firm's demand C) a firm's demand and its supply D) market demand and market supply​

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Ayokenny2001idn

Market demand and market supply is what determines the market price in a perfectly competitive market.

What is perfectly competitive market?

This is a market structure in which companies sell identical products, and in which market share does not influence price.

Characteristics of perfect competition includes:

1. All producers sell identical goods or services.

2. There are many buyers and sellers.

3. Buyers and sellers in perfectly competitive markets are price takers.

Learn more about perfectly competitive market here : https://brainly.com/question/1748396

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