atomistic competition
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Atomistic Competition
A situation in which
perfect competition exists because of the existence of many small companies. Because there are so many companies, no one is able to dominate the
market or set
prices. This results in low
profits but also low
cost for clients or consumers. Many believe atomistic competition to be ideal, though it rarely exists in practice.
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atomistic competition
see PERFECT COMPETITION.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive
Other versions of competition generate effectively efficient and progressive outcomes without getting ensnared in the 1930s schoolbook assumption of
atomistic competition.
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