perfect competition

A completely efficient market situation characterized by numerous buyers and sellers, a homogeneous product, perfect information for all parties, and complete freedom to move in and out of the market.

• Perfect competition rarely if ever exists, but antitrust scholars often use the theory as a standard for measuring market performance.

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词条贡献者

法律翻译Wayne，毕业于一所培养最顶级翻译人才的语言学院，专注翻译各类与调查、政府执法和白领刑事辩护有关的法律文件。