Under perfect competition, in the long run no company makes an economic profit. Votes: 4
Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition. Votes: 3
Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away. Votes: 3
From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress. Votes: 3
I am convinced that both markets and free trade are good, but the traditional answer that we give to students to explain why they are good, the one based on perfect competition and Pareto optimality, is becoming untenable. Something much more interesting and more complicated is going on here Votes: 3
It's a difficult competition against silence, because silence is a perfect language, the only language which says with no words. Votes: 2
Perfect competition' is considered both the ideal and the default state in Economics 101. So-called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand. Votes: 2
Of course, most people remember that I received the first perfect 10 in Olympic gymnastics competition. Votes: 1
My commitment to Atlanta and passion for sports and competition make this acquisition a perfect fit for me. Votes: 1
In competition, when I start performance I try not to think about all the pressure from the fans. But, I got a lot of energy from them always. They make me more perfect. Votes: 1
We were in the market ahead of competition. We brought new products on the market ahead of competition. We rolled out our networks. We begged, borrowed, stole, put things out. And while they were never near perfect, they were first. And that gave us, to my mind, a lot of advantage. Votes: 1
In economic life competition is never completely lacking, but hardly ever is it perfect. Votes: 0
Competition is enjoyable only when it is a means to perfect one's skills; when it becomes an end in itself, it ceases to be fun. Votes: 0
Strategy is about out-thinking your competition. Mark Zuckerberg, while at Harvard, built a website called Facemash "for fun'. Even today, Facebook believe that "done is better than perfect'. Votes: 0
Competition is the keen cutting edge of business, always shaving away at costs. Votes: 7 Henry Ford
A good plan violently executed now is better than a perfect plan executed next week. Votes: 3 George S. Patton