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
0
Answer:
a)
Explanation:
large number of sellers
Answered by
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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