Second, what is the effect of having imperfectly competitive permit markets?

It is this distinction which differentiates perfectly competitive markets from imperfectly competitive ones.

What is more likely is some increase in competition within an imperfectly competitive market.

For example, Bulow et al. consider the interactions of many imperfectly competitive firms.

Linkages between national price levels are also weakened when trade barriers and imperfectly competitive market structures occur together.

While this may be true of highly competitive markets, however, 'an imperfectly competitive market will not quickly convert.inefficiency into insolvency'.

The regulation of imperfectly competitive firms whenever there are benefits of capital that are being lost.

Perfect competition serves as a benchmark against which to measure real-life and imperfectly competitive markets.

The standard assumption is that markets are "imperfectly competitive", where most businesses have some power to set prices.

Imperfectly competitive industries are a source of market failure because free market equilibrium is no longer Pareto-efficient.