pure competition

Definition |

(50)

A market characterized by a large number of independent sellers of standardized products, free flow of information, and free entry and exit. Each seller is a "price taker" rather than a "price maker".

Use pure competition in a sentence

We had a lot of pure competition and it drive us to make better choices and do better things within our company.

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The pure competition of the free market resulted in a happy customer base that was thriving with the price competition.

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You should hope that there is good pure competition in the market place that will have many consumers trying what you have.

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