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Glossary   >   P   >   "Perfect competition" Definition            Perfect competition An idealized market environment in which every market participant is too small to affect the market price by acting on its own. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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