Which of the following conditions is not necessary for a perfect market?
A)No barrier to entry or exit
B)All actors have total information about the market
C)Equal access to technology
D)The absence of regulation

Question

Quizplus · Accepted Answer

A perfect market does not require the absence of regulation. A perfect market is defined by being perfectly competitive; so long as regulation does not favor one actor over another, it does not make the market imperfect in the economic sense. A perfect market is not the same as a free market.

Which of the Following Conditions Is Not Necessary for a Perfect