perfect competition

COMPETITIVE
monopoly competition
MARKETS

type of imperfect competition, where

It means that none of the agents can

there are many sellers (or suppliers)
influence the price of the good or
of similar but not homogeneous

service, that is, both sellers and

products.
buyers are price-takers.

There is a large number of sellers

When we talk about perfect

oligopoly (companies)

competition, we are referring to an

almost ideal economic situation that

The products offered are not

homogeneous
is unlikely in reality.

Freedom and ease of entry and exit

in the market
Market structure where there are few

some markets resemble perfect

relevant competitors and each of them has
competition in the agricultural sector,
some ability to influence the equilibrium

price differences between similar

in the world of auctions or, to a

price and quantity
products is not the basis of

lesser degree, in the commodity

competition
market.