4 ms·
If it were a true market, the price would be much lower because it wouldn't be a monopoly.
by giantg2 6mo ago
If it were a true market, the price would be much lower because it wouldn't be a monopoly.
- IAmGraydon 6mo agoA market is not defined by how many sellers there are.
- giantg2 6mo agoIf you want the market to "function as it should", then yes, the number of sellers plays a big role in a properly functioning market. Thats why we have regulations in additional to the invisible hand.