JAMB - Economics (2017 - No. 24)
One of the unique features that distinguishes the perfect and imperfect market condition is _________
profit motive principles
absence of price control board
price determines production and distribution
number of sellers and buyers
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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