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Why an individual firm under perfect competition cannot influence the market price? - Economics

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प्रश्न

Why an individual firm under perfect competition cannot influence the market price?

एक पंक्ति में उत्तर

उत्तर

A firm under perfect competition cannot influence the price as its share in the total market supply is negligible.

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Forms of Market Structure
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अध्याय 5: Meaning and Types of Markets - QUESTION BANK [पृष्ठ ११८]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
QUESTION BANK | Q 11. | पृष्ठ ११८
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