Describe in details how a perfectly competitive industry, Business Economics

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Describe in details how a perfectly competitive industry

Describe, in details how a perfectly competitive industry determines the price and quantity. Also, explain the role of /te firm in this market regarding price and quantity determination. Show your answers utilizing a graph for the market as well as the firm.

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Business Economics: Describe in details how a perfectly competitive industry

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Business Economics: Describe in details how a perfectly competitive industry

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