Sentence examples for a perfect competition from inspiring English sources

Their interest lies in efficient pricing in a perfect competition environment under uncertainty and congestion.

Amundsena and Mortensen (2001) investigated the electricity and TGC markets in the case of Denmark assuming a perfect competition.

As already mentioned, we assume a perfect competition outcome in both markets, the market of nonintegrated health insurance companies and the market of HMOs.

Our concern is to study not only the profit-maximizing firm behavior but also the consumer behavior in a perfect competition environment.

They showed that the linear coefficient depends on the mandatory quota of green electricity by assuming a perfect competition on the certificates market and monopolistic competition on the electricity market.

Douglas had a perfect competition, especially shining on bars and beam.

Let a service firm be a time competitor in a market in perfect competition modeled by a queuing system M/M/1 whose demand is composed of one class of customer with a reservation full price R and marginal time cost c.

In a labor market with perfect competition, a firm faces a labor supply with infinite wage elasticity, meaning that if the firm decreases wages below the market wage, workers will quit and look for work at a higher-paying competitor.

In the mid-20th century, proponents of the ideal of perfect competition—a scenario in which firms produce nearly identical products and charge the same price favoured the efficiency inherent in the concept of marginal-cost pricing.

For a case of perfect competition, market price does not depend on the quantity of a single generator and so the quantity derivation of market price is equal to zero: frac{{partial P_{text{market}} }}{{partial Q_{{G_{i} }} }} = 0 (3).

In a world of perfect competition, rent would not exist.