The price at which a perfectly competitive firm sells its product is determined by_____________. A. the buyers of the product, because there are so many sellers that they cannot agree on a price. B. the

The price at which a perfectly competitive firm sells its product is determined by_____________.

A. the buyers of the product, because there are so many sellers that they cannot agree on a price.
B. the market supply and demand. the individual seller based on his costs of production and his profit margin.
C. the government, because there are so many buyers and sellers of the product that together they cannot agree on the price.

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