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 market
noun
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.