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Perfect competition is so much competition that a seller would lose all its customers if it raised its price a tiny amount. This large amount of competition is "perfect" for the consumer.
'''Perfect competition''' is so much competition that a [[seller]] would lose all its customers if it raised its price a tiny amount. This large amount of competition is "perfect" for the [[consumer]].
The market for dairy products is close to perfect competition.
The [[market]] for [[dairy]] products is close to perfect competition.
[[category:economics]]