Explain the implication of large number of buyers in a perfectly competitive market.
OR
What difference does it make to a perfactly competitive market when we say that there are large number of buyers in it? Explain.

Explanation

The large number of buyers is assumed to be so large that sn individual buyer's share in total purchases is so negligible thet he cannot influence the market price on its own by purchasing more or less. The outcome is that price remains unchanged.