67 Views
A market structure in which sellers have no influence over price is known as
A market structure in which sellers have no influence over price is known as
Answer
The answer is buyers market.
There is more supply of products than demand.
Thus, there are a lot of products and not that much buyers, so that the buyer has more influence on the Price then the seller.
Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017
This 28 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 67 views.