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Showing results for perfect competition. Search instead for price competition.

perfect competition

British  

noun

  1. economics a market situation in which there exists a homogeneous product, freedom of entry, and a large number of buyers and sellers none of whom individually can affect price

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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

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

Crowded as the city was, there was a perfect competition among the tradesfolk for the honour of entertaining him and the young widow and child of a St. Bartholomew martyr.

From The Chaplet of Pearls by Yonge, Charlotte Mary

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