A perfectly market has the following characteristics: 1. There are a large number of independent, relatively small sellers and buyers as compared to the market as a whole. Buyers / sellers should not have any kind of association or union to arrive at an understanding with regard to market demand / price or sales.
A perfectly market has the following characteristics: 1. There are a large number of independent, relatively small sellers and buyers as compared to the market as a whole. Buyers / sellers should not have any kind of association or union to arrive at an understanding with regard to market demand / price or sales.
A perfectly market has the following characteristics: 1. There are a large number of independent, relatively small sellers and buyers as compared to the market as a whole. Buyers / sellers should not have any kind of association or union to arrive at an understanding with regard to market demand / price or sales.