What does Perfect Competition mean?
A market structure with many small firms producing identical products and no market power.
In a state of Perfect Competition, no single firm can influence the market price.
Perfect Competition in German, French, Spanish and Italian
GermanVollkommener Wettbewerb
also Vollständige Konkurrenz
Theoretisches Idealmodell eines Marktes ohne Marktmacht einzelner.
FrenchConcurrence parfaite
Modèle théorique où aucun acteur ne peut influencer les prix.
SpanishCompetencia perfecta
Mercado con muchos vendedores y productos homogéneos.
ItalianConcurrenza perfetta
Modello ideale di mercato con infiniti produttori e consumatori.
Common phrases with Perfect Competition
- state of perfect competition
- identical products perfect competition
- market power perfect competition
Synonyms and opposites for Perfect Competition
- Synonym Pure competition
- Opposite Oligopoly
- Opposite Monopoly