A perfect market is characterised by many buyers and many sellers,a homogenous product,zero transaction costs and some other conditions.

Name: A perfect market is characterised by many buyers and many sellers,a homogenous product,zero transaction costs and some other conditions.
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

A perfect market is defined as a market where there are many buyers and sellers, a homogenous product, perfect information, no barriers to entry or exit, and no transaction costs. Therefore, the statement is true.

A Perfect Market Is Characterised by Many Buyers and Many