Perfect Competition: What It Means for You

Perfect competition is when a lot of sellers offer the same product. Because so many people are selling the same thing, it’s hard for one seller to change the prices.

How Does This Affect You as a Consumer?

• Lower Prices: Because there is so much competition, prices usually stay low.
• More Choices: You can choose from many sellers who all have similar products.
• Better Quality: Sellers work hard to get your attention, so they try to make their products better.

It's great for consumers like you!