Economy, asked by jimliboro872, 9 months ago

What is the relevance of the feature of large number of buyers and sellers in perfect competition?

Answers

Answered by Rajputadarshsingh3
12

Explanation:

The number of buyers and sellers in the market is very large. ... Due to the large number, no buyer or seller influences the demand or supply in the market. The commodity sold or bought is homogeneous. In other words, goods produced by different firms are identical in nature.

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