Perfect competition

News


Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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Perfect competition - definition

Perfect competition is a hypothetical market form associated with neo-classical economic theory. A number of assumptions are made which provide the key components of the definition, including: the existence of perfect knowledge, no barriers to entry and an undifferentiated (homogeneous) output.




WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Savings ratio

Savings ratio falls to lowest level on record.

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