Perfectly competitive financial markets - Markets in which no trader has the power to change the price of goods or services. Perfect capital markets are characterized by the following conditions: 1)trading is costless, and access to the financial markets is free, 2)information about borrowing and lending opportunities is freely available, 3 there are many traders, and no single trader can have a significant impact on market prices.
Perfectly competitive financial markets : markets in which no trader has the power to change the price of goods or services. perfect capital markets are characterized by the following conditions: 1)trading is costless, and access to the financial markets is free, 2)information about borrowing and lending opportunities is freely available, 3 there are many traders, and no single trader can have a significant impact on market prices.