Jisho

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Noun
1. perfect competition
Wikipedia definition
2. Perfect competitionIn economic theory, perfect competition describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product. Because the conditions for perfect competition are strict, there are few if any perfectly competitive markets. Still, buyers and sellers in some auction-type markets, say for commodities or some financial assets, may approximate the concept.
Read “Perfect competition” on English Wikipedia
Read “完全競争” on Japanese Wikipedia
Read “Perfect competition” on DBpedia

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