Difference between revisions of "Perfect competition"
Jump to navigation
Jump to search
(New page: 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....) |
(No difference)
|
Revision as of 02:50, April 9, 2007
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.