People in the eastern part of Beirut are prevented by border guards from travelling to the western part of Beirut to shop for or sell food.This situation violates the perfect competition assumption of:

Question

Quizplus · Accepted Answer

The perfect competition assumption includes ease of entry and exit, meaning that there should be no barriers preventing buyers and sellers from entering or exiting a market. The inability for people in the eastern part of Beirut to freely travel to the western part to buy or sell food creates a barrier to entry and exit, violating the perfect competition assumption.

People in the Eastern Part of Beirut Are Prevented by Border