Business, 06.10.2019 01:00 deadlydemon0500

The equilibrium price in a perfectly competitive industry is sometimes below the break-even price, sometimes above it, and sometimes equal to it because the

(a) firm is a price maker and the equilibrium price is determined in the competitive market.
(b) equilibrium price is determined by the number of buyers in the market.
(c) equilibrium price is determined by the number of firms in the market.
(d) firm is a price taker and the equilibrium price is determined in the competitive market.

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The equilibrium price in a perfectly competitive industry is sometimes below the break-even price, s...

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