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| <noinclude>[[Topic::Economics| ]]</noinclude> | | <noinclude>[[Topic::Economics| ]]</noinclude> |
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| ''Perfect competition''' (also called '''pure competition'''): A market form where no buyer or seller can perceptibly influence the price of the good. It usually occurs when there is a large pool of buyers, and a large number of competing sellers, for the same good. | | '''Perfect competition''' (also called '''pure competition'''): A market form where no buyer or seller can perceptibly influence the price of the good. It usually occurs when there is a large pool of buyers, and a large number of competing sellers, for the same good. |
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| Also located at: [[Wikipedia:Perfect competition]], [http://www.britannica.com/eb/article-34156/monopoly-and-competition Britannica:Perfect competition] | | Also located at: [[Wikipedia:Perfect competition]], [http://www.britannica.com/eb/article-34156/monopoly-and-competition Britannica:Perfect competition] |
Latest revision as of 14:07, 16 May 2008
Perfect competition (also called pure competition): A market form where no buyer or seller can perceptibly influence the price of the good. It usually occurs when there is a large pool of buyers, and a large number of competing sellers, for the same good.
Also located at: Wikipedia:Perfect competition, Britannica:Perfect competition