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Answer:
The number of buyers and sellers operating under perfect competition is very high.
Explanation:
As the number of individual sellers very large, an individual seller cannot fix the price.
There are different kinds of services. The Large number of buyers and sellers is often seen in a prefect competition. When there is Perfect Competition, The number of buyers and sellers in the market are known to be large and as a result the buyers and sellers will have to fight or compete among themselves.
When there is a Large number of buyers, it shows that number of buyers is big enough for each individual buyers to have a negligible share in market demand for the good.
Conclusively, the implication of the above is that no individual buyer can affect or influence the market price on its own even if they alter their own individual demand.
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