What is Perfect Competition?

1 November 1934

journal article
Published by Oxford University Press (OUP) in The Quarterly Journal of Economics

Vol. 49 (1) , 104-120
https://doi.org/10.2307/1883878

Abstract

Summary. Two notions often lumped together, 104.— The idea of normal profits, 106.— Not connected with perfect competition, 107.— Two levels of normal profits,

Keywords

PERFECT COMPETITION
TWO NOTIONS
NOTIONS OFTEN
OFTEN LUMPED
104.
NORMAL PROFITS
FIRMS SELLING