Why is the Johannesburg stock exchange regarded as an example of a perfect market?
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Answer:
One product. .
point being, businesses can very often change the price of their product however they cannot influence the market price by the quantity they supply. In a perfect market, all the sellers will sell exactly the same product and only one product is sold on the JSE, shares.
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Explanation:
product. ... point being, businesses can very often change the price of their product however they cannot influence the market price by the quantity they supply. In a perfect market, all the sellers will sell exactly the same product and only one product is sold on the JSE, shares.
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