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PC in Market Meaning

The PC meaning in Market terms is "Perfect Competition". There are 2 related meanings of the PC Market abbreviation.

PC on Market Full Forms

  1. Perfect Competition An abstract assumption, central to neoclassical economics, in which companies are so small that none can influence total output or price levels in an industry, none can distinguish its products from those of competing firms, and none can anticipate or interact with the actions of its competitors. Perfect competition has never existed in real life; it is a theoretical assumption developed solely in order to defend the internal logical integrity of neoclassical economic theories.
  2. Public Comrany

Frequently Asked Questions (FAQ)

  1. What does PC stand for Market?

    PC stands for Perfect Competition in Market terms.

  2. What is the shortened form of Perfect Competition in Market?

    The short form of "Perfect Competition" is PC for Market.

Citation

PC in Market. Acronym24.com. (2022, April 22). Retrieved April 19, 2024 from https://acronym24.com/pc-meaning-in-market/

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