Which of the following is not an essential condition of pure competition ?

CA Foundation · Business Economics · MTP · April 2025
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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