Question

    Which one of the following is a competitive

    market?
    A Perfect market Correct Answer Incorrect Answer
    B Primary market Correct Answer Incorrect Answer
    C Capital market Correct Answer Incorrect Answer
    D Wholesale market Correct Answer Incorrect Answer

    Solution

    A perfect market is the market in which there are numerous buyers and sellers and they are well informed. The monopoly is absent and market prices cannot be manipulated.

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