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Is it possible to get perfect information in the market?

Updated: 8/20/2019
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Wiki User

12y ago

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no but from women it is

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12y ago
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Q: Is it possible to get perfect information in the market?
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A perfect concurrency market coupled with complete market knowledge on both parties of consumption. In practice such market is impossible due to carying costs of trade and lack of information.


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Perfect knowledge means that the customers know the past, present and the future status of the market.


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A perfect market is a market form of which there are many buyer and sellers producing homogenous goods this market seems to operate without any trade restriction


What is the definition of perfect knowledge in economics?

In economics, perfect knowledge describes the state in which a consumer has all possible information in order to make a decision. This situation is ideal, not usual.


Does perfect competition market exist in the market world?

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yes indian stock market perfect competition in market


What is the market concentration ratio of a perfect competition?

The market concentration ratio for perfect competition is Low (Less than 40%).


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Why might an organisation have security and confidentiality requirements for handling market research information?

The confidential aspects of market research are reported defects in your products, which provides competitors with an opportunity to erode your market share, and possible opportunities for your products, which enable you to increase your market share. In both cases, the information is very valuable to your competitors.