perfect competition
/ˌpɜːrfɪkt ˌkɒmpɪˈtɪʃən/
a market with many buyers and sellers trading identical products
“Agricultural commodities approach perfect competition.”
Origin: From perfect + competition (Latin competere to strive together)
/ˌpɜːrfɪkt ˌkɒmpɪˈtɪʃən/
a market with many buyers and sellers trading identical products
“Agricultural commodities approach perfect competition.”
Origin: From perfect + competition (Latin competere to strive together)