"Perfect competition" Definition
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 Glossary   >   P   >   "Perfect competition" Definition   

        Perfect competition

An idealized market environment in which every market participant is too small to affect the market price by acting on its own.

Perfect competition


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Perfect competition - An idealized market environment in which every market participant is too small to affect the market price by acting on its own.


Perfect competition : an idealized market environment in which every market participant is too small to affect the market price by acting on its own.