alleryMatch info access: 1. Open: p. Data 2. Secret: q. None 3. Gaps: r. Imperfect
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Perfect competition features complete market knowledge and no trade secrets, whereas imperfect markets have information gaps.
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