Question

If consumer sovereignty is considered greatest in a system of pure competition, why is sovereignty still limited? consumers still rely on producers’ set prices. few products are actually sold on the basis of pure competition. choices are driven by price when goods are identical. limited price variations restrict actual choice.

Answer 1

In system of pure competition, sovereignty still limited because Consumers still rely on producers' set prices.

What is sovereignty ?

Sovereignty serves as a political concept whereby individuals experience dominant power or supreme authority.

Therefore in market, sovereignty will be limited because Consumers still rely on producers' set prices.

Learn more about sovereignty at;

https://brainly.com/question/7226587

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Answer 2

Answer: C - choices are driven by price when goods are identical