Question 8
MediumOriginal questionPerfect knowledge under perfect competition means that
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
With full information about prices, no seller can charge more and no buyer will pay more than the market price.
- Concept
- Perfect knowledge
- Typical timeTypical
- 70 s
- Your timeYours
- —
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