Question

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

A. because products must be uniform

B. so no individual can control the price

C. so buyers and sellers are both informed

D. to maintain quality over the goods

Answer 1

so that no individual can control the price

Gradpoint

Step-by-step explanation:

The many buyers and sellers in a perfectly competitive market ensure that the market determines price without any influence from individual suppliers or consumers.

Answer 2

A perfectly competitive market require many buyers and sellers so no individual can control the price. There would be no chance of monopoly. The correct option among all the options that are given in the question is the second option or option "B". I hope the answer comes to your help.