Question #227348

Which one of the following is not a requirement for or a characteristic of perfect competition? 

A. all market participants should have perfect knowledge of market conditions.

  •  B. the good must be homogeneous.
  •  C. there should be no government intervention.
  •  D. every firm must have the power to set its price

Expert's answer

 D. every firm must have the power to set its price



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Canada #340153 on Dec 2023