In a perfectly competitive markets, buyers and sellers must accept the price that the market determines. The market price and output are determined by the intersection of the market supply and demand cunres. Consequently, no buyer or seller can influence the market price and they take the market price. They are known as: all b) Use the graph to the right to illustrate what the Demand Curve would look like at P\" for a firm in a competitive market that cannot influence the price. PRICE PK Perfectly Competitive Market 100 400 QUANTITY