Which of the following is not an essential condition of 'Pure Competition'?

CA Foundation · Business Economics · MTP · January 2026
Which of the following is not an essential condition of 'Pure Competition'?
(A) A. Large number of Buyers and Sellers
(B) B. Homogeneous Product
(C) C. Freedom of entry
(D) D. Absence of Transport Cost

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Absence of Transport Cost

Topics: Price Determination in Different Markets

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