Market Structures and Price Determination · Markets

Perfect Competition and Market Equilibrium

The theoretical model of a market where no single buyer or seller can influence the price.

Key Questions

  1. 1How does the 'invisible hand' coordinate the actions of millions of self interested actors?
  2. 2What happens to market efficiency when the government imposes price ceilings or floors?
  3. 3Why is perfect competition considered an ideal benchmark despite being rare in reality?

CBSE Learning Outcomes

CBSE: Forms of Market and Price Determination under Perfect Competition - Class 11
Class: Class 11
Subject: Economics
Unit: Market Structures and Price Determination
Period: Markets

Suggested Methodologies

Ready to teach this topic?

Generate a complete, classroom-ready active learning mission in seconds.

Generate a Custom MissionBrowse Lesson Plan Templates

More in Market Structures and Price Determination

Non-Competitive Markets

Understanding monopolies, monopolistic competition, and oligopolies.

2 methodologies

Browse curriculum by country

AmericasUSCAMXCLCOBR
EuropeUKIEFRDEESITNLPTSE
Asia & PacificINSGAU