In which form of market do producers and consumers have perfect knowle – InterviewSolution

1.	In which form of market do producers and consumers have perfect knowledge about the market conditions?
Answer» In perfect competition market every producer and every consumer is assumed to have perfect knowledge of price, utility, quality and production methods of products. They have full knowledge of the prevailing price of the product, as also the prices being asked by the sellers and being offered to the buyers.

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