(Solved): Which of the following most correctly explains how each of the assumptions of perfect competition c ...

Which of the following most correctly explains how each of the assumptions of perfect competition contributes to the fact that all decision makers in perfect competition are price takers? Perfect competition decision makers are forced to sell at an affordable price or consumers will not want to buy their product. The existence of a large number of sellers ensures that no one firm will have any control over price. In a perfect competition, each market has multiple monopolies. This allows for the government to easily control the price, and to stay in business the monopolies are forced to accept that price. Decision makers are price takers due to the fact that perfect competition means that if all decision makers do not agree on a price the market will crash.