stackyFACTS
Economy

Perfect competition is a mythical state with zero profit

HERE’S THE INTERESTING PART

In this purely academic fairy tale, infinite sellers offer perfectly identical products to perfectly informed buyers, meaning nobody can ever raise their price by even a single penny. Perfect competition drives margins completely into the ground. If any profit actually appears, endless invisible rivals instantly enter the market to crush it.

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Perfect competition is a mythical state with zero profit
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