Perfect Competition Quotes by Peter Thiel, Paul Romer, Paul Samuelson and many others.
Under perfect competition, in the long run no company makes an economic profit.
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
Marshall’s crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.