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

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

Correct Answer : Duopoly
Explanation : Complete market information is one of the main features of Perfect Competition. This condition implies close contact between buyers and sellers.
Useful for Exams : UPSC, State PSC, IBPS, SSC, Railway, NDA, Police Exams
Like The Facebook Page CurrentGK for Current Affairs, Latest GK & Employment News
Web Title : buyers and sellers will have perfect knowledge of market conditions under
Tags : General Awareness
Always Ask Questions
Comments

Leave a Reply

Your email address will not be published. Required fields are marked *