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Under perfect competition, buyers usually possess:

Under perfect competition, buyers usually possess:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Perfect market knowledge
  • B Government price control
  • C Limited information only
  • D Monopoly power
Correct Answer: Option A
Explanation:
Buyers and sellers are assumed to have complete information about prices and market conditions under perfect competition.

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