Linked from

The 21 pages that link to Perfect competition, each with the reason it gives.

• MonopolyCompared with: It is the benchmark opposite to monopoly in standard models of market power.

• Supply and demandRelated: The supply-and-demand model most directly describes price-taking competitive markets.

• Labor marketCompared with: It is the benchmark behind the competitive labor-market model.

• Market powerCompared with: Firms in this benchmark accept the market price rather than influence it.

• Marginal costRelated: Competitive firms choose output where market price meets marginal cost under standard conditions.

• MonopsonyCompared with: Unlike a monopsonist, each buyer in perfect competition takes the market price as given.

• CompetitionCompared with: It is the benchmark model against which less idealized competition is compared.

• Industrial organizationCompared with: It provides a benchmark against which strategic behavior and market power are measured.

• Monopolistic competitionCompared with: It shares numerous firms and open entry, but assumes identical products and no individual pricing power.

• OligopolyCompared with: It contrasts oligopoly's small number of strategically interdependent firms with price-taking sellers.

• Information economicsCompared with: Its benchmark models often abstract from private information that complicates actual exchange.

• Market concentrationCompared with: It represents a benchmark with no individual firm large enough to dominate sales.

• Profit maximizationRelated: Its price-taking assumption makes marginal revenue equal to market price.

• Market structureBroader topic: It is the benchmark in which individual sellers have no control over market price.

• Merton MillerRelated: Ideal market conditions help make financing choices irrelevant in the theorem’s baseline case.

• Search theoryCompared with: Its frictionless assumptions differ from costly, incomplete search.

• John Kenneth GalbraithCompared with: His focus on large corporations contrasts with this model’s dispersed market power.

• Heckscher–Ohlin theoremRelated: Competitive pricing links goods prices to production costs and factor returns.

• Jean TiroleCompared with: Tirole’s research focuses on settings where firms can strategically influence market outcomes.

• MicroeconomicsBroader topic: It provides the benchmark where individual firms cannot influence market price.

• Labour economicsCompared with: Competitive labor-market models contrast with settings where employers or workers can influence wages.