Home

In a perfectly competitive market, suppliers must know:

A. The incomes of consumers

B. The price of the good

C. What other commodities households could substitute for the good

D. Consumers expectations of the future

Study and Earn Android App
Share this question with your friends

Correct Answer : B.


Under perfect competition, suppliers must know the price of the good, but need not to know the characteristics of demanders.}

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..

Also checkout

Hydraulics & Fluid Machineries MCQ Data Sufficiency MCQ Phylum - Pisces MCQ Surface Chemistry MCQ Rearrangement Set 8 MCQ Algae MCQ Pipes and Cistern MCQ Error Detection MCQ Periodic Classification of Elements MCQ Benign urethral conditions MCQ Payroll MCQ Building Construction MCQ