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10 February, 21:10

What controls price in a market with pure competition?

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  1. 10 February, 21:32
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    Supply controls price in a market with pure competition.

    Explanation:

    Demand ordinarily was meant to be the factor that controls price, but in a competitive market, demand shifts as availability increases. Consumers tend to consume a more available product than a product that is rarely available. So, if market supply supersedes the competitor's supply, then the price of the product can be controlled.
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