The "perfect information" assumption of perfect competition includes all of the following except one. Which one?

A) Consumers know their preferences.
B) Consumers know their income levels.
C) Consumers know the prices available.
D) Consumers can anticipate price changes.
E) Firms know their costs, prices and technology.

D

Economics

You might also like to view...

The National Football League has long-term leases with the stadiums in major cities. Control of these stadiums is an entry barrier to a potential new football league

Indicate whether the statement is true or false

Economics

If nominal GDP is less than real GDP, then the GDP deflator will be greater than 100

Indicate whether the statement is true or false

Economics