(i) No transport cost.
(ii) Perfect knowledge of the market.
(iii) Freedom of entry and exit.
(iv) Uniformity of buyers.
(v) No excess supply or demand.
(vi) Perfect mobility of factors of production.
(vii) Large number of buyers and sellers.
(viii) No government interference.
(ix) Homogeneity of the product.
maurice.mutuku answered the question on June 30, 2017 at 12:37
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