Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Westend61/Getty Images Perfect competition is a concept in microeconomics that describes a ...

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 ...

Competition with other firms is a key aspect of running a business of any size, from a brand new venture to a large corporation. In competitive markets, companies have to fight over the business of ...

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 ...

Jamestown High School business students, Dylan Glatz, Max Eimiller, Joe Ramos, Christian Edborg, and Andrew Latona recently attended the Pitch Perfect Business competition at JCC’s Olean campus. JHS ...