Perfect competition

 

 

 

Perfect competition

 

Glossary of business

 

Definition of perfect competition

 

Perfect competition is a market structure made up of a large number of small firms, each selling homogeneous (identical) products with a small market share to a large number of buyers. Perfect competition also requires freedom of entry and exit for firms and perfect knowledge amongst them.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

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Definition and meaning of perfect competition

 

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Meaning of perfect competition

 

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What does perfect competition mean ?

 

 

 

 

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