Microeconomics

Perfect competition is a type or model of the market in which there are many buyers and sellers who are willing to sell or buy products freely between them are uniform or equal in a given market (like the market for copper, wood, wheat or other commodities, agricultural commodities, financial securities or products are well known and standardized), but no discernible influence on the selling price because it is so impersonal set by the market in which the information circulates perfect way so that buyers and sellers are well informed. This suggests the possibility of every citizen to become an ...