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    Question

    Which of the following represents an imperfect market?

    A A perfectly competitive market with numerous small buyers and sellers Correct Answer Incorrect Answer
    B Agricultural markets with government price controls Correct Answer Incorrect Answer
    C Stock markets with efficient information dissemination Correct Answer Incorrect Answer
    D Online auction platforms with real-time bidding Correct Answer Incorrect Answer

    Solution

    Imperfect markets are characterised by various factors that hinder the smooth operation of supply and demand forces, leading to suboptimal resource allocation and pricing.

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