Multiple Choice
Which of the following is NOT a condition of a perfectly competitive market?
A) A very large number of buyers and sellers.
B) The products are homogeneous.
C) All buyers and sellers have perfect knowledge of market conditions and of any changes in the market conditions that occur.
D) Firms are able to get together and effectively agree on restricting quantity supplied and raising prices.
E) There are no artificial interferences with the activities of the buyers and sellers.
Correct Answer:
Verified
Correct Answer:
Verified
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