Economy, asked by akibahmad69, 2 months ago

What prevents a seller in perfect competition to influence the price?


a. Large number of sellers

b. Similarity of products

c. Effective advertising the other sellers

d. Interdependence of firms​

Answers

Answered by anitha1525
0

Answer:

a)

Explanation:

large number of sellers

Answered by PMuddassirkhan
1

Answer:

Perfect competition is a competiton where there are large number of sellers and buyers and cost of the product is decide by the market not by the seller.

Explanation:

The assumptions of the perfectly competitive model ensure that each buyer or seller is a price taker. The market, not individual consumers or firms, determines price in the model of perfect competition. No individual has enough power in a perfectly competitive market to have any impact on that price

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