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".
Related information about pure competition:
- What is pure competition? definition and meaning
Definition of pure competition: A market characterized by a large number of independent sellers of standardized products, free flow of information, and free entry ...
- Pure Competition - Boise State University
Pure Competition urely competitive markets are used as the benchmark to evaluate market performance. It is generally believed that market structure influences ...
- Pure competition - The Free Dictionary
(Economics) Economics a market situation in which there exists a homogeneous product, freedom of entry, and a large number of buyers and sellers none of ...
- Strengths & Weaknesses of Pure Competition in Economics | Chron ...
A solid understanding of economics and finance can give small-business owners a leg up in managing their companies. Competition between different firms is a ...
- What Is Pure Competition?
Aug 20, 2012 ... Pure competition is a situation in which the market for a product is so populated with consumers and producers that no one entity...
- Perfect competition - Wikipedia, the free encyclopedia
In economic theory, perfect competition describes markets such that no participants are large enough to have the market power to set the price of a ...
- What is Pure Competition in Marketing
Pure competition is a term for an industry where competition isstagnant and relatively non competitive. Companies within the pure competition category have ...
- Chapter 21 - "Pure Competition" - Welker's Wikinomics Page
Sep 25, 2007 ... Four Market Models Pure Competition Pure monopoly Monopolistic Competition Oligopoly Pure Competition: Characteristics and Occurrence Very large number ...