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
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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
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Answer:
absence of transport cost