Competition Perfect and otherwise Perfect Competition Products are the same Numerous buyers and sellers so that each has no influence over price Buyers and sellers are price takers Harcourt, Inc. items and derived items copyright o 200l by harcourt, IncHarcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Competition: Perfect and Otherwise Products are the same Numerous buyers and sellers so that each has no influence over price Buyers and Sellers are price takers Perfect Competition