What element of perfectly free competition did M-Pesa mobile banking improve by putting the power and capacity of mobile phone banking in the hands of millions of new consumers who could now use their mobile phones to buy goods in the marketplace? A) Numerous buyers and sellers in the marketplace B) Goods so similar that buyers don't prefer one seller over another C) Full and perfect knowledge of what other buyers and sellers are doing D) No government interference in pricing in the marketplace
What element of perfectly free competition did M-Pesa mobile banking improve by putting the power and capacity of mobile phone banking in the hands of millions of new consumers who could now use their mobile phones to buy goods in the marketplace? A) Numerous buyers and sellers in the marketplace B) Goods so similar that buyers don't prefer one seller over another C) Full and perfect knowledge of what other buyers and sellers are doing D) No government interference in pricing in the marketplace
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What element of
A) Numerous buyers and sellers in the marketplace
B) Goods so similar that buyers don't prefer one seller over another
C) Full and perfect knowledge of what other buyers and sellers are doing
D) No government interference in pricing in the marketplace
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