Columbia’s coffee producers operate in a perfectly competitive industry. The market price for a pound of coffee is determined by?   A.the Columbian government.   B.the intersection of world supply and world demand for coffee.   C.the international coffee federation.   D.Columbian coffee farmers

Economics Today and Tomorrow, Student Edition
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Chapter9: Competition And Monopolies
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Columbia’s coffee producers operate in a perfectly competitive industry.

The market price for a pound of coffee is determined by?
 
A.the Columbian government.
 
B.the intersection of world supply and world demand for coffee.
 
C.the international coffee federation.
 
D.Columbian coffee farmers.
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