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.
If there were thousands of players, the HHI would be nearly zero — the blissful state of perfect competition mentioned above.
From Los Angeles Times ● May 8, 2018
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
Capitalism, as it has evolved, is far removed from Adam Smith's vision of entrepreneurs operating under the constraint of perfect competition.
From The Guardian ● Sep. 23, 2010
Now the only condition under which cost of production will regulate value is perfect competition.
From Encyclopaedia Britannica, 11th Edition, Volume 4, Part 4 "Bulgaria" to "Calgary" by Various
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Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
