Assertion (A): In perfect competition market structure, there are large numbers of buyers and sellers and there is perfect knowledge about the market among them.
Reasoning (R): In perfect competition, there is no advertisement cost involved that has to be borne by sellers.
(A) is incorrect but (R) is correct
(A) and (R) is correct but (R) is not the correct explanation of (A)
(A) and (R) is correct and (R) is correct explanation of (A)
(A) is correct but (R) is incorrect
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