What is another word for perfect competition?
Pronunciation: [pˈɜːfɛkt kˌɒmpətˈɪʃən] (IPA) 
Perfect competition is a term that is commonly used in economics to describe a market in which there are no barriers to entry or exit, and where no single buyer or seller has enough power to influence price. However, there are several synonyms that could be used to describe this concept. These include pure competition, ideal competition, and frictionless competition. Each of these phrases serves to convey the same basic idea, which is that the market in question is characterized by perfect transparency and free competition, with no artificial limitations placed on participants. Whether you are discussing economics, business, or any other field, it is important to have a clear understanding of these fundamental concepts and the language used to describe them.
