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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 on OCR A Level Economics Perfect competition. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons