A perfect market has all the following features except that

Economics

WAEC 1990

A. there are many buyers and few sellers
B. the commodities bought and sold are homogenous
C. there is free entry and exit
D. buyers and sellers have perfect knowledge of the market
E. there is only one ruling price

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Correct Answer: Option A

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A perfect market has all the following features except that

Correct Answer: Option A

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