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ECONOMICS

what part of the game(monopoly) closest to demonstrating perfect competition? 2-3 sentences.

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Answer:

The part of the game (Monopoly) which comes closest to depicting the quality of perfect competition is the fact that all the prices for the houses/properties within the game are known/listed.

In other words, there is perfect knowledge of the market.

Explanation:

In the game, just like in Perfect Competition, there is perfect knowledge of prices of goods and services, there are no time lags in the flow of information, that is between when a situation changes and when the market players get to know about it.

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