) There must be perfect information, so that buyers and sellers know everything they need to make ar informed decision. O There must be no barriers to entry, so that anyone may buy or sell in the market. O There must be many buyers and sellers, so that none of them have market power. O There must be no externalities, so that buyers and sellers realize all the benefits and costs of the goc market. O There must be heterogeneous goods, so that buyers and sellers have a choice of product characteris
) There must be perfect information, so that buyers and sellers know everything they need to make ar informed decision. O There must be no barriers to entry, so that anyone may buy or sell in the market. O There must be many buyers and sellers, so that none of them have market power. O There must be no externalities, so that buyers and sellers realize all the benefits and costs of the goc market. O There must be heterogeneous goods, so that buyers and sellers have a choice of product characteris
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
Problem 4PA
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Which of the following is NOT a requirement for a market to be
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