tobbs4113 tobbs4113

01-09-2022
Business

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A perfectly competitive market has? a. only one seller. b. at least a few sellers. c. many buyers and sellers. d. firms that set their own prices.

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ewomazinoade ewomazinoade

06-09-2022

A perfectly competitive market has many buyers and sellers (option c).

What is a perfectly competitive market ?

A perfectly competitive market is a market where there are many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. These makes buyers and sellers price takers.

An example of a perfectly competitive market is the market for tomatoes.

To learn more about perfect competition, please check: https://brainly.com/question/17110476

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