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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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

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