Question

Which of the following is not the characteristics of perfect market?

A Large Number of Buyers and sellers Correct Answer Incorrect Answer
B Homogeneous Product Correct Answer Incorrect Answer
C Free Entry or Exit Correct Answer Incorrect Answer
D Perfect Knowledge Correct Answer Incorrect Answer
E Demand Curve of Perfect Competition Market is Completely Vertical Correct Answer Incorrect Answer

Solution

Demand Curve of Perfect Competition Market is Completely Horizontal.

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