Westend61/Getty Images Perfect competition is a concept in microeconomics that describes a market structure controlled entirely by market forces. If and when these forces are not met, the market ...

Each factor hinges on the availability or attractiveness of substitutes, and most markets lie somewhere between perfect competition and monopoly. From a microeconomics perspective, five factors ...

Introductory Microeconomics is one of the two books of CBSE Class 12 Economics. Students can view and download the Chapter 4: The Theory of The Firm Under Perfect Competition of this book from the ...