Question #229975
  • 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. there should be no government intervention.
  •  C. every firm must have the power to set its price.
  •  D. the good must be homogeneous.
1
Expert's answer
2021-08-27T08:33:01-0400

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


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