Which type of market have the features of homogeneity, uniform selling price , free entry and exit of firms etc ?
A)perfect market
B)imperfect market
C)buyers market
D)monopsony

Question

Quizplus · Accepted Answer

A perfect market, also known as a perfect competition market, is characterized by features such as homogeneity (all products are identical), a uniform selling price (no single buyer or seller can influence the market price), and free entry and exit of firms (no barriers to entering or leaving the market). These conditions lead to an efficient allocation of resources.

Which Type of Market Have the Features of Homogeneity, Uniform