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The "Perfect Information" Assumption of Perfect Competition Includes All of the Following

Question 134

Multiple Choice

The "perfect information" assumption of perfect competition includes all of the following except one. Which one?


A) Consumers know their preferences.
B) Consumers know their income levels.
C) Consumers know the prices available.
D) Consumers can anticipate price changes.
E) Firms know their costs, prices and technology.

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