What is the meaning of Perfect competition?

Perfect competition is an idealized market environment in which every market participant is too small to affect the market price by acting on its own.

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APABarry Goldsmith. (2010). perfect competition. Retrieved September 30, 2026, from http://smartdefine.org/perfect_competition/definitions/1160427
ChicagoBarry Goldsmith. 2010. "perfect competition" http://smartdefine.org/perfect_competition/definitions/1160427 (accessed September 30, 2026).
HarvardBarry Goldsmith 2010, perfect competition, Smart Define, viewed 30 September, 2026, <http://smartdefine.org/perfect_competition/definitions/1160427>.
MLABarry Goldsmith. "perfect competition" 21 October 2010. Web. 30 September 2026. <http://smartdefine.org/perfect_competition/definitions/1160427>