What are the conditions necessary for an Imperfect Market?

What are the conditions necessary for an Imperfect Market?

Some of the conditions necessary for an Imperfect Market are;

1. Few sellers and buyers: These make supply and demand to be elastic

2. Goods sold in the market are usually heterogenous.

3. Lack of information.

4. No free entry and exit.

5 Goods are not portable.

6. Preferential treatment exists in the market.

7. There is immobility of resources.

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Somtochukwu

Motivational speaker 🔊 and writer.

Somtochukwu speaks to English hearing audiences and she writes motivational and informational books.

She can always booked as an external speaker for your event, conference, in order to propel them to achieve more.
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