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:

Option D – the location of some sellers gives them an advantage over others

SEE ALSO  The control of aggregate demand through changes in government spending and tax rates is referred to as?

Copyright warnings! Do not copy.