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Definition of perfect market in English: perfect marketnoun Economics A theoretical market in which buyers and sellers are so numerous and well informed that monopoly is absent and market prices cannot be manipulated. in a perfect market, confidence in a brand should coincide exactly with its market share Example sentencesExamples - The conditions necessary for a perfect market are absurdly demanding.
- The logic applies rigidly only in perfect markets, with perfect information, flexibility, liquidity, and substitutability.
- In a world of perfect markets all international business would be done through free trade.
- It took a long time before the assumptions underlying the theory - perfect competition, perfect markets, perfect information, etc. - were fully understood.
- The perfect blueprint for the perfect market delivering perfect outcomes was a drawing that airbrushed out some hard political realities.
Definition of perfect market in US English: perfect marketnoun Economics A theoretical market in which buyers and sellers are so numerous and well informed that monopoly is absent and market prices cannot be manipulated. in a perfect market, confidence in a brand should coincide exactly with its market share Example sentencesExamples - The perfect blueprint for the perfect market delivering perfect outcomes was a drawing that airbrushed out some hard political realities.
- It took a long time before the assumptions underlying the theory - perfect competition, perfect markets, perfect information, etc. - were fully understood.
- In a world of perfect markets all international business would be done through free trade.
- The conditions necessary for a perfect market are absurdly demanding.
- The logic applies rigidly only in perfect markets, with perfect information, flexibility, liquidity, and substitutability.
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