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18 Aug 2020
Which of the following is NOT one of the assumptions of a perfectly competitive market?
A. The product is homogeneous.
B. There is free entry and exit of firms.
C. There are a large number of buyers and sellers.
D. Firms know more about market prices and conditions that consumers do.
Which of the following is NOT one of the assumptions of a perfectly competitive market?
A. The product is homogeneous.
B. There is free entry and exit of firms.
C. There are a large number of buyers and sellers.
D. Firms know more about market prices and conditions that consumers do.
B. There is free entry and exit of firms.
C. There are a large number of buyers and sellers.
D. Firms know more about market prices and conditions that consumers do.
Insha FatimaLv10
30 Sep 2020
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