Speakur

Word Pronunciation & Dictionary

perfect competition

Word Rarity Uncommon

Frequency: Zipf frequency 4.73 in modern English

Syllables
per-fec-t -com-pe-ti-tion
IPA
31
Scrabble Score
18
Letters
7
Syllables
10
Unique Chars

Meaning

noun

A theoretical type of market structure, where there are many firms providing homogeneous (especially, fungible) goods or services, resulting in allocative and productive efficiency in the long run but also precluding profitability.

Uncountable

Usage

Phrases

price war

Frequently Paired Words

price war involution

Antonyms

non-price competition market power

Questions

What does perfect competition mean?
A theoretical type of market structure, where there are many firms providing homogeneous (especially, fungible) goods or services, resulting in allocative and productive efficiency in the long run but also precluding profitability.

How to pronounce perfect competition

  1. Open the pronunciation page — Open the Speakur entry for “perfect competition”.
  2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
  3. Play the audio — Click Play to hear reference audio for “perfect competition”.
  4. Repeat and practice — Say “perfect competition” aloud, matching stress and vowels until it feels natural.