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Simple English definitions for legal terms

perfect competition

Read a random definition: droits of admiralty

A quick definition of perfect competition:

Perfect competition is a type of competition where there are many buyers and sellers in a market. In this type of competition, no one seller or buyer has control over the market. Everyone has to sell or buy at the same price. This means that there is no monopoly or oligopoly in the market. It is like a game where everyone has the same chance to win.

A more thorough explanation:

Definition: Perfect competition is a type of market structure where there are many small firms producing identical products and no single firm has control over the market. In perfect competition, all firms have equal access to resources and technology, and there are no barriers to entry or exit.

Examples: A good example of perfect competition is the market for agricultural products such as wheat or corn. There are many small farmers producing identical products, and no single farmer has control over the market. Another example is the market for stock trading, where there are many buyers and sellers of stocks, and no single trader has control over the market.

Explanation: In perfect competition, there are many small firms producing identical products, which means that consumers have many options to choose from. This competition keeps prices low and ensures that no single firm can charge a higher price than its competitors. Additionally, because there are no barriers to entry or exit, new firms can enter the market if they believe they can produce the product more efficiently or at a lower cost. This competition ensures that resources are allocated efficiently and that the market operates at maximum efficiency.

perfect attestation clause | perfect defense

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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