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14 July, 04:44

The market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets.

True

False

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Answers (1)
  1. 14 July, 06:32
    0
    True

    Explanation:

    A perfectly competitive market is one in which there a lot of buyers and sellers for a particular project. A perfectly competitive market has a number of characteristics but the primary characteristics are;

    1. huge amount of buyers and seller

    2. product homogeneity

    In the cable market, there is not a huge number of buyer or sellers ad also digital cables vary. all digital cables are not the same.

    Cheers.
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