Comparing the equilibrium position of a buyer with that of a...

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Comparing the equilibrium position of a buyer with that of a producer in a pefectly competitive market, it is found that in perfect competition

A. The price of a buyer is higher and the output is relatively higher than that of the producer

B. The price of a buyer is less than that of the producer and the output is relatively high

C. The price of a buyer is less as compared to the producer and the output is also relatively less

D. The price of a buyer is higher than that of the producer and the output is also relatively less

Answer: Option D

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