pure competition Definition

pure competition

Definition

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".

This content can be found on the following page:

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

email
print
cite
link
translate
share

pure competition is ...
... part of the Economy and Business subjects.

pure competition appears in the definitions of these other terms on BusinessDictionary.com

perfect competition