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perfect competition

noun

Definitions

  1. A theoretical type of market structure, where there are many firms providing homogeneous…

    A theoretical type of market structure, where there are many firms providing homogeneous (especially, fungible) goods or services, resulting in allocative and productive efficiency in the long run but also precluding profitability.

The neighborhood

Vish — recursive loop

No curated loop yet for perfect competition. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA