Economics · Market Structures
Which of the following is NOT a characteristic of perfect competition?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The number of buyers and sellers is small✓
- 2Perfect mobility of factors of production
- 3Buyers and sellers have perfect knowledge of the market
- 4Products produced are homogeneous
Correct answer
The number of buyers and sellers is small
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