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One of the unique features that distinguishes the perfect and imperfect market c...


Question

One of the unique features that distinguishes the perfect and imperfect market condition is _________

Options

A)
profit motive principles
B)
absence of price control board
C)
price determines production and distribution
D)
number of sellers and buyers

The correct answer is D.

Explanation:

A perfect market may be defined as one in which buyers or sellers cannot influence the price of goods and services. An imperfect market however is the market in which price of goods or services can easily be influenced by the seller or buyers

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Dicussion (1)

  • A perfect market may be defined as one in which buyers or sellers cannot influence the price of goods and services. An imperfect market however is the market in which price of goods or services can easily be influenced by the seller or buyers

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