The opposite of perfect competition is imperfect competition, which exists when a market violates the abstract tenets of neoclassical pure or perfect competition. How Perfect Competition Works.

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

New competitors, changing consumer interests and needs, new hires, new technologies, economic fluctuations — it’s always transforming. ... What’s perfect today may be imperfect tomorrow.

Unfortunately, perfect markets and perfect competition are often the starting point of economic textbooks. ... Not only is government itself imperfect, as anyone can plainly see, ...

The opposite of perfect competition is imperfect competition, which exists when a market violates the abstract tenets of neoclassical pure or perfect competition. Jessica Olah / Investopedia.

Unlike perfect competition, where numerous small firms compete with identical products, imperfect competition is characterized by fewer firms, differentiated products and barriers to entry. This ...