The most important aspect of a perfectly competitive market, there are only a few types?
(1) the buyer and seller into lots: buyers and vendors is small. If the seller has very little market share. So it did not affect the market price Including the quantity of each business unit. Will not affect market supply The buyer is small as well, so the two sides have become price takers (Price Taker) is determined by the demand and supply of the market.
(2) the product on the market will look like: a perfect competition shall be dependent on this condition. The product has the same characteristics Therefore replace it completely. Whether consumers to buy from any production unit