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.

Imperfect competition exists whenever a market violates the abstract tenets of neoclassical perfect competition. This can happen in both real and hypothetical markets. In an imperfectly ...

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

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

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.

On November 7, 2014, Andrea Giusto, Department of Economics, Dalhousie University, presented “Imperfect Competition and the Aggregate Saving Rate.” This presentation was sponsored by The Casey Lecture ...

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 ...