WAEC - Economics (2014 - No. 29)
Perfect knowledge of events in a perfect market will be made possible by the existence of
many buyers and sellers
homogeneous products
means of communication
large number of traders
Εξήγηση
In a perfectly competitive market, there are many buyers and many sellers. In fact, the number of buyers and sellers is effectively infinite. This alows for the free flow of information in the market