when a decision of one or more sellers or buyers affects the price of the commodity is called
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What is a Monopoly? A monopoly is a market with a single seller (called the monopolist) but with many buyers. In a perfectly competitive market, which comprises a large number of both sellers and buyers, no single buyer or seller can influence the price of a commodity.
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when a decision of one or more sellers or buyers affects the price of the commodity is called commodity
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