A market structure in which the decisions of individual buyers and sellers have no effect on market price is

Question

Quizplus · Accepted Answer

In a perfectly competitive market, there are many buyers and sellers and they all have access to the same information, allowing them to make rational decisions. Because of this, no single buyer or seller has any influence over the market price, which is determined solely by the forces of supply and demand.

A Market Structure in Which the Decisions of Individual Buyers