PERFECT MARKET


A 'perfect market' is heuristic and has the following assumptions:

★ perfect competition - there is a sufficiently large number of participants such that no individual can affect the market

★ perfect information - every participant is fully informed

★ Free entry and free exit

★ everyone acts in their rational self-interest

★ Homogeneous - All firms sell an identical product

★ there are no transaction costs.[1]

Contents
References
External links

References


1. How to Think Like Benjamin Graham and Invest Like Warren Buffet; Lawrence A. Cunningham; McGraw-Hill Professional; 2001; page 22

External links


The Perfect Market Economy [1]

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