A market that is said to operate at peak efficiency and where goods are readily and easily available is said to be a(n) ________.
A) perfect market
B) eclectic market
C) imperfect market
D) greenfield market

Question

Quizplus · Accepted Answer

A perfect market is one characterized by a large number of buyers and sellers, homogeneous products, perfect information, and where there are no barriers to entry or exit. In such a market, goods and services are readily available and the market operates at peak efficiency, resulting in lower costs to consumers and producers.

A Market That Is Said to Operate at Peak Efficiency