Question

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

True
False

Answer 1

True

Step-by-step 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.