if consumer sovereignty is considered greatest in a system of pure competition, why is sovereignty still…

if consumer sovereignty is considered greatest in a system of pure competition, why is sovereignty still limited? consumers still rely on producers set prices. few products are actually sold on the basis of pure competition. choices are driven by price when goods are identical. limited price variations restrict actual choice.

if consumer sovereignty is considered greatest in a system of pure competition, why is sovereignty still limited? consumers still rely on producers set prices. few products are actually sold on the basis of pure competition. choices are driven by price when goods are identical. limited price variations restrict actual choice.

Answer

Brief Explanations:

In pure - competition, goods are homogeneous. When goods are identical, choices are mainly driven by price. Limited price variations mean consumers have restricted real - choice options despite the perception of consumer sovereignty.

Answer:

Limited price variations restrict actual choice.