Which one of the following options is not a condition of perfect competition?
A. A large number of firms.
B. Perfect mobility of factors.
C. Informative advertising to ensure that consumers have good information.
D. Freedom of entry and exit into and out of the market.
Answer:C
Which one of the following options is not a condition of perfect competition?
A. A large number of firms. B. Perfect mobility of factors. C. Informative advertising to ensure that consumers have good information. D. Freedom of entry and exit into and out of the market.