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what is a perfect competiton
Perfect competition is the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.
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Asked 4/19/2012 8:32:58 PM
Updated 7/17/2016 11:24:29 PM
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Perfect competition is the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.
Added 7/17/2016 11:24:29 PM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [7/18/2016 2:52:06 AM]
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what is perfect competiton?
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Updated 9/7/2018 12:51:29 PM
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Perfect competition describes a market structure where competition is at its greatest possible level.

Added 9/7/2018 12:51:29 PM
This answer has been confirmed as correct and helpful.
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