An intermediate market is perfect when:
A) there are no quality differences between inside and outside suppliers.
B) there are quality differences between inside and outside customers.
C) buyers and sellers can sell any quantity without affecting the market price.
D) buyers and sellers are motivated to make decisions that are consistent with those of the organization.

Question

Quizplus · Accepted Answer

In a perfect market, buyers and sellers can trade any quantity without affecting the market price, indicating perfect competition and no single entity has market power.

An Intermediate Market Is Perfect When