Home > General Knowledge > Buyers and Sellers will have perfect knowledge of market conditions under :

Buyers and Sellers will have perfect knowledge of market conditions under :

(A) Duopoly
(B) Perfect competition
(C) Monopolistic competition
(D) Oligopoly

Correct Answer : Duopoly
Complete market information is one of the main features of Perfect Competition. This condition implies close contact between buyers and sellers.
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