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Which of the following is an assumption of a perfectly competitive market?
- a)Product differentiation
- b)Barriers to entry
- c)Perfect knowledge
- d)Monopolistic control
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following is an assumption of a perfectly competitive mar...
One of the key assumptions of a perfectly competitive market is that buyers and sellers have perfect knowledge about the market conditions. This means that all participants in the market are fully aware of the prices, qualities, and availability of goods and services. They have access to complete information, which allows them to make rational decisions and maximize their utility or profits.
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Which of the following is an assumption of a perfectly competitive market?a)Product differentiationb)Barriers to entryc)Perfect knowledged)Monopolistic controlCorrect answer is option 'C'. Can you explain this answer?
Question Description
Which of the following is an assumption of a perfectly competitive market?a)Product differentiationb)Barriers to entryc)Perfect knowledged)Monopolistic controlCorrect answer is option 'C'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about Which of the following is an assumption of a perfectly competitive market?a)Product differentiationb)Barriers to entryc)Perfect knowledged)Monopolistic controlCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is an assumption of a perfectly competitive market?a)Product differentiationb)Barriers to entryc)Perfect knowledged)Monopolistic controlCorrect answer is option 'C'. Can you explain this answer?.
Which of the following is an assumption of a perfectly competitive market?a)Product differentiationb)Barriers to entryc)Perfect knowledged)Monopolistic controlCorrect answer is option 'C'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about Which of the following is an assumption of a perfectly competitive market?a)Product differentiationb)Barriers to entryc)Perfect knowledged)Monopolistic controlCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is an assumption of a perfectly competitive market?a)Product differentiationb)Barriers to entryc)Perfect knowledged)Monopolistic controlCorrect answer is option 'C'. Can you explain this answer?.
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