Noun

perfect competition (uncountable)Category:English lemmas#PERFECTCOMPETITIONCategory:English nouns#PERFECTCOMPETITIONCategory:English uncountable nouns#PERFECTCOMPETITIONCategory:English uncountable nouns#PERFECTCOMPETITIONCategory:English multiword terms#PERFECTCOMPETITIONCategory:English entries with incorrect language header#PERFECTCOMPETITIONCategory:Pages with entries#PERFECT%20COMPETITIONCategory:Pages with 1 entry#PERFECT%20COMPETITION

1. (economicsCategory:en:Economics#PERFECTCOMPETITION) 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.

   Antonyms: non-price competition, market power