Skip to content

Course home

Perfect competition
x

The benchmark market

The benchmark market

Perfect competition is a benchmark market structure used to compare real markets. It assumes many buyers and sellers, homogeneous products, perfect information, and no barriers to entry or exit.

Perfect competition Lesson

  1. A Level
  2. /Economics
  3. /Perfect competition

Step-by-step lessons covering OCR A Level Economics Perfect competition for A Level Economics. Each lesson works through exam-style questions in Component 01, Component 02 and Component 03 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.