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Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly competitive market. In such markets, sellers of goodscannot influence the prevailing market price, giving them the role of pricetakers in the market. True or False: The market for digital cable exhibits the two primary characteristics that define perfectly competitive markets.

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henrydesanta

Answer:

The statement is true. The sellers automatically become price makers as their is no room to differentiate the product

From the quality perspective or from the cost perspective.

The market for digital cables is NOT perfectly competitive. This is because there is a lot of differentiation from branding, packaging, service delivery, quality of material and the technology.

Explanation:

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