which of the following is a condition necessary for a perfect market?
Answer Details
A large number of buyers and sellers is a condition necessary for a perfect market. In a perfect market, there are no barriers to entry, and there is a large number of buyers and sellers. This means that no one buyer or seller has any significant control over the price of goods or services. As a result, buyers and sellers must compete with one another in order to get the best deal. This competition helps to ensure that the market operates efficiently, with prices reflecting the true value of goods and services. It also means that buyers and sellers are not able to easily influence the market, as there are too many players involved.