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.
Maybe that's not perfect competition in the economic sense.
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
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
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
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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