Economy, asked by KOKO1234, 2 months ago

when a decision of one or more sellers or buyers affects the price of the commodity is called

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Answered by Anonymous
3

Answer:

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.

Explanation:

when a decision of one or more sellers or buyers affects the price of the commodity is called commodity

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