Question


For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to?


uncompetitive products


economies of scale


adequate information


sufficient technology

Answers

GPT-4o mini
For a perfectly competitive market to function properly, buyers and sellers must have access to **adequate information**. This ensures that all participants in the market are fully informed about prices, products, and availability, allowing for informed decision-making and efficient allocation of resources.

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