Explain the implication of large number of buyers in a perfectly competitive market. OR What difference does it make to a perfactly competitive market when we say that there are large number of buyers in it? Explain.

Explain the implication of large number of buyers in a perfectly compe

1.	Explain the implication of large number of buyers in a perfectly competitive market. OR What difference does it make to a perfactly competitive market when we say that there are large number of buyers in it? Explain.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :The large <a href="https://interviewquestions.tuteehub.com/tag/number-582134" style="font-weight:bold;" target="_blank" title="Click to know more about NUMBER">NUMBER</a> of buyers is assumed to be so large that sn individual buyer's share in total purchases is so negligible <a href="https://interviewquestions.tuteehub.com/tag/thet-3206469" style="font-weight:bold;" target="_blank" title="Click to know more about THET">THET</a> he cannot influence the market <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> on its own by purchasing more or less. The <a href="https://interviewquestions.tuteehub.com/tag/outcome-25532" style="font-weight:bold;" target="_blank" title="Click to know more about OUTCOME">OUTCOME</a> is that price remains unchanged.</body></html>