Home » Economics » Which of the following is not characteristics of a perfect competition ?

Which of the following is not characteristics of a perfect competition ?

Which of the following is not characteristics of a perfect competition ?
  • A.
    many sellers and buyers are in the market
  • B.
    there is perfect knowledge of the market situation
  • C.
    supply and demand are equal
  • D.
    there is no discrimination
  • E.
    Products are identical
Correct Answer: Option C
Explanation