The perfect competition market

Welcome to a Professor, in today's video we are going to talk about a fundamental market model: the perfectly competitive market.

It's about a theoretical modelTherefore, she is not a model that we find many times in reality. However, it is a model that explains what the level of behavior is if the market was perfect and we had a rational element to make this market work.

The first characteristic that this market of perfect competition must have is the Liberty input and output, that is, the non-existence of entry or exit barriers for the companies. If we make it difficult for companies to enter, or make it difficult for companies to exit, the situation is not adequate for companies to Business may have all the freedom to operate in this market.

If you have any questions or comments about the perfectly competitive market, you can do it through our website. And if you want to practice more, you will find below this video, some printable exercises with solutions for you to do.