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Define a perfect market.

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प्रश्न

Define a perfect market.

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उत्तर

A perfect market is a theoretical marketplace characterized by perfect knowledge among buyers and sellers, zero transaction costs, and complete mobility of resources, ensuring that a single, uniform price prevails for identical goods across the entire market at any given time.

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अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १५२]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTIONS | Q 1. i. (a) | पृष्ठ १५२
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