In a competitive market,there are a ________ number of buyers and a ________ number of sellers.

Question

Quizplus · Accepted Answer

A competitive market requires a large number of both buyers and sellers. This ensures that no single buyer or seller can influence the price of the product being sold. In such a market, buyers and sellers have no control over the price and have to accept the market price. Therefore, a large number of buyers and sellers is necessary to ensure competition and prevent monopolies.

In a Competitive Market,there Are a ________ Number of Buyers