A "perfect" market is defined as one that is totally efficient, with perfect information and zero transaction costs.

Name: A "perfect" market is defined as one that is totally efficient, with perfect information and zero transaction costs.
Brand: Quizplus
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Quizplus · Accepted Answer

A perfect market is defined as one where there are no transaction costs and all information is perfectly available to all participants. This creates a completely efficient market where price reflects all available information.

A "Perfect" Market Is Defined as One That Is Totally