Economy, asked by vinas3256, 3 months ago

'very large number of buyers and sellers' and ' freedom of entry and exit' has significant implication in perfect competition. Elucidate​

Answers

Answered by Dimplebadgujar
1

Answer:

The Theory Of The Firm Under Perfect Competition

The number of buyers and sellers operating under perfect competition is very high. As the number of individual sellers very large, an individual seller cannot fix the price. Similarly no single buyer can fix the price or change it by his action.

Explanation:

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