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dybincka [34]
4 years ago
5

Which market type is most beneficial to consumers?

Social Studies
2 answers:
Bezzdna [24]4 years ago
7 0
Purely competitive because as a consumer you would buy the cheapest brand of a product, so if they have to compete with competitors to have the cheapest price so more people will have their product

MArishka [77]4 years ago
4 0

The correct answer is: "Perfectly competitive market".

A purely competitive or perfect competition market is characterized by the participation of a large number of both sellers and buyers. In such a situation, each producer receives a very small share of the total market, therefore it lacks the power to influence on its conditions. Individual producers have zero influence on prices, this is why they are denominated price-takers.

<u>Consumers are the ones who set the prices</u> through their actions within the markets, that in turn determine the intersection of demand and total supply. They will able to acquire the products they are demanding at better market prices.

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Your question is incomplete. I've found the complete question online. It is as follows:

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