完かん全ぜん競きょう争そう

noun

perfect competition

Economic term for a market structure where many firms sell identical products, no single firm can influence price, and entry/exit is free.

• 完かん全ぜん競きょう争そう市し場じょうでは、企き業ぎょうは価か格かく受じゅ容よう者しゃとして行こう動どうする。

  In a perfectly competitive market, firms act as price takers.