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In a competitive market the equilibrium price is determined: Question options:   at the intersection of the firm's demand and the market supply curves

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In a competitive market the equilibrium price is determined:

Question options:

at the intersection of the firm's demand and the market supply curves.

at the intersection of the market demand and supply curves.

at the intersection of the firm's demand and marginal cost curves.

so as to cover the costs of the potential firms.

so as to cover the costs of the firms currently in the industry.