- perfect competition
- Economic ideal in which many perfectly informed buyers purchase identified and uniform goods in a market freely able to expand or shrink. Real markets depart from the ideal in some or all respects: it is controversial to what extent this vitiates the use of the idealization.
Philosophy dictionary. Academic. 2011.
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Perfect competition — Economics … Wikipedia
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Perfect information — is a term used in economics and game theory to describe a state of complete knowledge about the actions of other players that is instantaneously updated as new information arises. Chess, Irensei and Go are canonical examples of games with perfect … Wikipedia
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