Accounting under ideal condition | Accounting homework help

Hi again, 


please i need answer for the following Q, as a mudel answer. 


– Given that in reality ideal conditions of markets are unlikely to hold, critically appraise whether the single measurement bases information is appropriate? 



please i need the answer to be as following.


1- Definition of ideal condition

       –  Perfict and full information

       –  compatitive equilibrium


2- advantage of ideal condition

    – single measurement

             A – Consistancy

             B –  Compavability

3- imperfect market defintion

             A- information asymmetry



Note: i attached one jurnal artical could be helpfull.