A market that is said to operate at peak efficiency and where goods are readily and easily available is said to be a perfect market.

Question

Quizplus · Accepted Answer

This is true. In a perfect market, there are many buyers and sellers, all transactions are voluntary, there are no barriers to entry or exit, complete information is available to all participants, and prices reflect the true value of goods and services. In such a market, goods are readily and easily available to all buyers, and competition ensures that prices are efficient and fair.

A Market That Is Said to Operate at Peak Efficiency