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
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
Wages regarded as Prices of Fractional Products adjusted by Perfect Competition.—Under the hypothesis of perfect competition, as the term has been used in our discussion, the venders of goods can get their market values.
From Essentials of Economic Theory As Applied to Modern Problems of Industry and Public Policy by Clark, John Bates
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