Answer :
In general, purely competitive markets tend to benefit consumers over producers because "Consumers control price through demand". Although perfect competition is practically impossible.
Answer;
-Consumers control price through demand.
Purely competitive markets tend to benefit consumers over producers because consumers control price through demand.
Explanation;
-In a purely competitive market, there are large numbers of firms producing a standardized product. The market prices are determined by consumer demand; suppliers have no influence over the market price, and thus, the suppliers are often referred to as price takers.
