A very large number of small sellers who sell identical products imply
A)a multitude of vastly different selling prices.
B)a downward sloping demand curve for each seller's product.
C)the inability of one seller to influence the price.
D)chaos in the market.

Question

Quizplus · Accepted Answer

In a market with many small sellers offering identical products, no single seller can influence the market price, as the products are perfect substitutes and the market is highly competitive.

A Very Large Number of Small Sellers Who Sell Identical