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Why does a perfectly competitive market require many participants as both buyers and sellers?
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Why does a perfectly competitive market require many participants as both buyers and sellers?

User Saman
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Answer: so that individual can control the price

User DavSanchez
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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
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