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soldier1979 [14.2K]
2 years ago
15

In a competitive market, the price of a product: ___________

Business
1 answer:
solniwko [45]2 years ago
7 0

Competition exists in the market and the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

<h3>What is a competitive market?</h3>

A competitive market is a market where many producers compete with each other with the aim to provide goods and services.

The sellers determines how much a product cost.

Therefore, the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

Learn more on competitive market here

brainly.com/question/24781573

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<em><u>Self-efficacy.</u></em>

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