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.