Pure competition

A theory of the exchange rate that the rate will adjust to achieve purchasing power parity, in either its absolute or its relative form.
Pure competition
Same as perfect competition.
Pure exchange economy ...

Absence of pure competition reduces the dynamism of investment request and distribution, which is displayed only in the face of tendencies, also reduces possibilities of balancing them and, relatively, fixing prices at the balanced level.

Also called "pure competition," a market condition where no buyer or seller has the economic power to alter or fix the price of a product or service.

Sometimes referred to as "pure competition".
Notes:
Perfect competition is a theoretical market structure. It is primarily used as a benchmark against which other market structures are compared.

Sometimes referred to as "pure competition".
Antitrust Defined
Setting vs. Getting: What Is a Price-Taker?
Microeconomics ...

New classical model A modern version of the classical model in which wages and prices are flexible, there is pure competition in all markets, and the rational expectations hypothesis is assumed to be working.

an equal awareness of prices and volume, an absence of discrimination in buying and selling, total mobility of productive resources, and complete freedom of entry. Perfect competition exists only as a theoretical ideal. Also called pure competition.

pure competition A market characterized by a large number of independent sellers of standardized products. pure index fund A portfolio that is managed as to perfectly match the performance of the overall market.

See also: Monopoly, Perfect competition, Expense, Values, Saving