In perfect competition, the price in the market is set by the interaction of demand and supply.

在完全竞争市场，价格由需求和供给的相互作用来确定。

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Independent subject, complete, full and fair competition and retreat of government the super-economic power are the prerequisite to perfect market system.

独立、自主的市场主体和完全、充分、平等的市场竞争，以及超经济的行政权力退出市场分配领域，是市场分配得以建立、健全的基本条件。

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The assumption of Mill and the Liberals was that there was a free flow of intelligence just as the classical economists assumed a perfect market and free competition.

正如传统经济学家想当然地认为存在着完美的市场和自由竞争一样，穆勒和自由党人也认为信息自由流通是不言而喻的事实。

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Based on the idea of perfect competition, where the market is omniscient, this code is as unenforceable as the insider trading rules.

FORBES: Magazine Article

First, there are informational asymmetries in the higher education market which violate the assumption of full information that economists make when discussing perfect competition.

FORBES: Economic Theory and Tuition