Which of the following is not a condition for pure competition?
A) Large number of sellers
B) Sellers are small enough that no one can overly influence the market
C) Involves a heterogeneous product or service
D) Unrestricted entry

Question

Quizplus · Accepted Answer

Pure competition involves a homogeneous product or service, meaning that the products or services are essentially the same from different sellers. Choice C, which states it involves a heterogeneous product or service, is not a condition for pure competition.

Which of the Following Is Not a Condition for Pure