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    Question

    A market is where buyers and sellers can meet to

    facilitate the exchange or transaction of goods and services.  Perfect and Imperfect markets are classified on the basis of: 
    A Degree of Competition Correct Answer Incorrect Answer
    B Nature of Transactions Correct Answer Incorrect Answer
    C Volume of Transactions Correct Answer Incorrect Answer
    D Nature of Commodities Correct Answer Incorrect Answer
    E Stage of Marketing Correct Answer Incorrect Answer

    Solution

    On the basis of competition, markets may be classified into the following categories: Ø  Perfect Markets: Ø  Imperfect Markets:

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