Difference between revisions of "Perfect competition"
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(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....) |
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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. |
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| + | [[category:economics]] | ||