Definición de perfect competition en inglés:

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perfect competition


[mass noun]
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.
Oraciones de ejemplo
  • Under circumstances of perfect competition, no single buyer or seller can dominate the prices to be paid.
  • He also considered conditions for equilibrium with monopoly, duopoly and perfect competition.
  • His numbers implied that even though the structure of the economy did not look like perfect competition, the outcome was virtually the same as if perfect competition had prevailed.

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Saltos de línea: per|fect com|pe¦ti¦tion

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