Register
Why does a perfectly competitive market require many participants as both buyers and sellers?
5.6k views
0 votes
Why does a perfectly competitive market require many participants as both buyers and sellers?

User Saman
by
9.3k points

2 Answers

1 vote

Answer: so that individual can control the price

User DavSanchez
by
8.6k points
4 votes
A perfectly competitive market require numerous members as both purchasers and merchants so that no individual can control the cost. There are entirely couple of markers in which there is a flawless rivalry since boundaries shield organizations from entering the market uninhibitedly.
User Stack Diego
by
9.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!