Q. Which of the following is not an essential condition of pure competition?
A. Large number of buyers and sellers
B. Homogeneous product
C. Freedom of entry
D. Absence of transport cost
Answer: Absence of transport cost
Q. Which of the following is not an essential condition of pure competition?
A. Large number of buyers and sellers
B. Homogeneous product
C. Freedom of entry
D. Absence of transport cost
Answer: Absence of transport cost