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Q.

Markets do not work fairly when the producers are ____.


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Detailed Solution

Markets do not work fairly when the producers are powerful and few.
They can easily propel the market with their actions as required and wanted. They can produce a wide variety of products and easily persuade consumers to buy them. They can create catchy advertisements that will create demand in the market. No one will also suspect them of doing any malpractice and compensating for the quality standards. If anyone wants to file a complaint against them because of the exploitation, they can easily corrupt everyone by bribing them. Also, if there are few producers in the market, even if the consumers are reluctant to buy their products, they don't have much of a choice.
 
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