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In 1 or 2 sentences, describe why sellers in a perfectly competitive market have no control over price.

Respuesta :

coochicans
Because in a perfectly competitive market, the sellers have to fluctuate how much their product cost based on how the majority of how products like his or hers sell for in or around his or her area of business.
ayfat23

The reason why sellers in a perfectly competitive market have no control over price is that they need to compare their price with other seller.

What is competitive market?

A competitive market is a market structure that doesn't allow single consumer or producer to make decision about the market.

In this market seller needs to compare their price and product with other seller before making decisions.

Therefore, competitive market does not allow a single entity to make decision.

Learn more about competitive market at;

https://brainly.com/question/8614651

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