Why does a perfectly competitive market require many participants as both buyers and sellers?

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asked Mar 24, 2018 5.6k views

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Stack Diego · Answer 1 · 2018-03-30T06:35:38+0000

A perfectly competitive market require numerous members as both purchasers and merchants so that no individual can control the cost. There are entirely couple of markers in which there is a flawless rivalry since boundaries shield organizations from entering the market uninhibitedly.

Why does a perfectly competitive market require many participants as both buyers and sellers?

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