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A perfect market has all the following features except that
Question 1
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A perfect market has all the following features except that
there are many buyers and few sellers
the commodities bought and sold are homogenous
there is free entry and exit
buyers and sellers have perfect knowledge of the market
there is only one ruling price
Answer Details
Read lesson note on Theory Of Price Determination (WAEC)
Read lesson note on Market Structures (WAEC)
Read lesson note on Market Structure (JAMB)
Theory Of Price Determination
Market Structures
Market Structure
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