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

True

False

True

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.

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