No, Perfect Competition is just an imaginary one and it does not exist at all.
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
why do small firms continue to exist despite competition from large firms
Oligopoly, Pure competition, Monopolistic competition
Interstate Commerce Comission
No they don't exist.
competition
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NAtional POlice COMission
The profit motive undermines competition unless competition is protected.
The profit motive undermines competition unless competition is protected.
Yes, monopolies exist when a company dominates a particular industry and controls a large portion of the market. This can lead to less competition, higher prices for consumers, and less innovation in the industry. Governments often regulate monopolies to promote fair competition.