Which one of the following is not a requirement for or a characteristic of perfect competition? A. ALL MARKET PARTICIPANTS SHOULD HAVE PERFECT KNOWLEDGE OF MARKET CONDITIONS. * B. THE GOOD MUST BE HOMOGENEOUS. * C. THERE SHOULD BE NO GOVERNMENT INTERVENTION. * D. EVERY FIRM MUST HAVE THE POWER TO SET ITS PRICE

/in /by

Which one of the following is not a requirement for or a
characteristic of perfect competition?

A. ALL MARKET PARTICIPANTS SHOULD HAVE PERFECT KNOWLEDGE OF MARKET
CONDITIONS.

* B. THE GOOD MUST BE HOMOGENEOUS.
* C. THERE SHOULD BE NO GOVERNMENT INTERVENTION.
* D. EVERY FIRM MUST HAVE THE POWER TO SET ITS PRICE

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