Unlike perfect competition, where numerous small firms compete with identical products, imperfect competition is ...

If and when these forces are not met, the market is said to have imperfect competition. While no market has clearly defined perfect competition, all real-world markets are classified as imperfect.

All real markets exist outside of the plane of the perfect competition model, so each can be classified as imperfect. The opposite of perfect competition is imperfect competition, which exists ...

From this knowledge, along with the theories of perfect competition, the theories of imperfect competition are also being developed in Western countries, to unmask the true face of imperfect markets.

These issues make a model based on perfect competition less realistic and the results it generates more questionable. The project expands the dynamic National Treasury CGE model of South Africa to ...