Perfect competition is a theoretical model with many buyers and sellers offering identical products. In this model, firms cannot influence prices and make zero long-term profit due to free entry and ...

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Westend61/Getty Images In perfect competition, the market structure is controlled entirely ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...