Question

What is a perfect market?​

Answer 1

A Perfect market is

a market where the sellers of a product or service are free to compete fairly, and sellers and buyers have complete information: The internet has a big part to play in the creation of a perfect market. Compare. imperfect market.

Answer 2

A theoretical market in which buyers and sellers are so numerous and well informed that monopoly is absent and market prices cannot be manipulated.
‘in a perfect market, confidence in a brand should coincide exactly with its market share’