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
I was struck by a contradiction between the theory of perfect competition, which postulated perfect knowledge, with Popper's theory, which asserted that perfect knowledge was unattainable.
From Slate ● Apr. 29, 2011
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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