A. many sellers and buyers are in the market
B. there is perfect knowledge of the market situation
C. supply and demand are equal
D. there is no discrimination
E. Products are identical
Correct Answer:
Option C – supply and demand are equal
A. many sellers and buyers are in the market
B. there is perfect knowledge of the market situation
C. supply and demand are equal
D. there is no discrimination
E. Products are identical
Correct Answer:
Option C – supply and demand are equal
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