Which of the following is NOT a characteristic of perfectly competitive markets?
A)Transactions costs are a very small part of the sale.
B)Information about the product is difficult to find and understand.
C)It is easy to find a trading partner.
D)All products are identical.

Question

Quizplus · Accepted Answer

In perfectly competitive markets, information about the product is easily available and understood by all consumers and producers. This helps ensure a level playing field for all participants in the market.

Which of the Following Is NOT a Characteristic of Perfectly