Economics Dictionary of ArgumentsHome
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| Perfect Competition - Economics Dictionary of Arguments | |||
| Perfect competition: Perfect competition is a market structure where numerous small firms sell identical products, no single firm can influence prices, and there is free market entry and exit. Buyers and sellers have perfect information, and resources are fully mobile. In the long run, firms earn normal profits as prices equal marginal costs. See also Competition, Pure competion, Markets._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Buchanan, James M. | Perfect Competition | Buchanan, James M. | |
| Robinson, Joan | Perfect Competition | Robinson, Joan | |
| Schumpeter, Joseph A. | Perfect Competition | Schumpeter, Joseph A. | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-05-18 | |||
