Question
Buyers and Sellers will have perfect knowledge of market conditions under
Answer: Option B
Answer: (b)
Complete market information is one of the main features of Perfect Competition. This condition implies close contact between buyers and sellers.
Both of them possess complete knowledge about the prices at which goods are being bought and sold and the prices at which others are prepared to buy or sell.
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Answer: (b)
Complete market information is one of the main features of Perfect Competition. This condition implies close contact between buyers and sellers.
Both of them possess complete knowledge about the prices at which goods are being bought and sold and the prices at which others are prepared to buy or sell.
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