Content-Type: text/html

# Perfect competition

HomePage | RecentChanges | Preferences
You can edit this page right now! It's a free, community project

A market is said to be one with perfect competition if:

1. There is a large number of small producers and consumers on a given market
2. None of the parties can influence the price on his own
3. The price is given
4. Goods and services are [perfect substitutes]? - they are homogeneous
5. All resources (including information) are perfectly mobile
6. Transaction costs are naught.

Other market forms

HomePage | RecentChanges | Preferences
You can edit this page right now! It's a free, community project
Edit text of this page | View other revisions
Last edited March 11, 2001 12:23 pm (diff)
Search: