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      Question

      Which of the following statements highlights one of the

      essential conditions of perfect competition?
      A A perfect competition has a number of sellers and a few buyers Correct Answer Incorrect Answer
      B A perfect competition has different levels of pricing for identical products at a particular point of time Correct Answer Incorrect Answer
      C A perfect competition has the same pricing for identical products at a particular point of time Correct Answer Incorrect Answer
      D None of the above Correct Answer Incorrect Answer
      E All of the above Correct Answer Incorrect Answer

      Solution

      A perfect competition has the same pricing for identical products at a particular point of time.

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