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3 years ago

Why would having information be a requirement for a purely competitive market?

Business

1 answer:

dusya [7]3 years ago

6 0

Answer:

To no the prices of goods and service and to buy stuff at low prices.

Explanation:

A purely competitive market is a situation where multiplier sellers have homogeneous products. The availability of the information is very important in a purely competitive market in order to decide how many sellers are selling the same product and from where an individual can buy products at low prices. Availability of information means, no seller can earn abnormal profits.

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Answer:

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Explanation:

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