Which of the following is not a condition for a perfect market?
Answer Details
The condition that is not a requirement for a perfect market is "ignorance of consumers". In a perfect market, consumers have perfect information about the goods and services they are buying and the prices at which they are being sold. This allows them to make informed decisions and ensures that market forces operate efficiently. Ignorance of consumers, on the other hand, would lead to inefficiencies and distortions in the market. Therefore, it is not a condition for a perfect market.