perfect competition
Britishnoun
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Economists call it "perfect competition" and it's basically the opposite of a monopoly.
From Los Angeles Times • May 8, 2018
The more closely the world can be made to resemble an ideal market governed only by perfect competition, the more law-like and “scientific” human behaviour, in the aggregate, becomes.
From The Guardian • Aug. 18, 2017
In perfect competition, a business is so focused on today’s margins that it can’t possibly plan for a long-term future.
From Time • Mar. 11, 2015
But the gasoline market is unusual for retail products to the extent to which it approximates a textbook case of perfect competition.
From Slate • Jul. 20, 2012
How nearly in practice the earnings of labor and capital approximate the ideal rates which perfect competition would establish is a question which it is not necessary at this point to raise.
From Essentials of Economic Theory As Applied to Modern Problems of Industry and Public Policy by Clark, John Bates
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