An imperfect market exist where?
ECONOMICS
JAMB 2001
An imperfect market exist where?
- A. the product is homogenous
- B. there is perfect information among sellers
- C. both buyers and sellers have free entry into and free exits from the market
- D. the location of some sellers gives them an advantage over others
Correct Answer: D. the location of some sellers gives them an advantage over others
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