Just perfect market

Just perfect markets could go bankrupt from one day to another since there are no banking information about this broker.

Huge forex bonuses

Just Perfect Markets Review, just perfect market.

In this review, we will describe why just perfect markets is a scam that you should avoid at all cost !

Just perfect markets review

In this review, we will describe why just perfect markets is a scam that you should avoid at all cost !

Scammed by just perfect markets ? Start the process to get your funds back TODAY !

Is just perfect markets legit?

Looking at just perfect markets website, it shows that they are owned by just perfect markets limited. Just perfect markets limited is located in saint vincent and the grenadines, a well-known offshore zone and a preferred location for shady brokerage. Just perfect markets is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.

To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why just perfect markets is a dangerous broker to deal with.

Are funds safe with just perfect markets?

With such lack of information and just perfect markets being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is just perfect markets is withholding vital information to users.

Just perfect markets could go bankrupt from one day to another since there are no banking information about this broker.

High success rate – transparency & integrity –

Just perfect markets review: our conclusion!

Just perfect markets is an unregulated broker to avoid at all cost. If you have been scammed, check out our chargeback process here or get a free consultation by a team of expert by clicking here.

What is a perfect market?

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A perfect market is a concept in economics, primarily neoclassical economics, that refers to a market with what is known as perfect competition, a set of conditions in which no market participant has the power to affect the price of whatever commodities it buys or sells. In such a market, the forces of supply and demand will produce an equilibrium in which supply and demand for every commodity are precisely matched at the existing price. True perfect competition can exist only under a set of conditions that are not possible in the real world, and so no real perfect markets exist. The concept is used in economics, not to describe any state of affairs in the real world, but as a construct to simplify thought experiments about how economies work and provide a benchmark to which real world markets can be compared.

It is important to note that perfect market and perfect competition are not moral judgments. Whether or not the market is efficient is a separate question from the justice or desirability of that market's processes or outcome. In this context, calling something perfect means that it is an ideal concept used to simplify thought experiments or calculations. It is similar to concepts in physics such as a perfectly rigid body, meaning an object that is completely unaffected by applying forces and never undergoes deformation under any circumstances or a perfect black body, which refers to an object that completely absorbs all incoming electromagnetic radiation. No real material has these attributes, but they can be used as mental constructs for thinking about a scientific field.

There are a number of necessary conditions for a perfect market. The number of buyers and sellers is extremely large or infinite, making it impossible for any market participant to have any effect on market prices. All goods sold in each market are also completely homogeneous from one supplier to the next, and firms can enter and exit the market freely. All producers make normal profits, meaning that their revenue is equal to their opportunity costs. All market participants additionally possess perfect information about the economic factors relevant to their decisions and are assumed to be rationally acting to maximize their own utility. Finally, all exchanges can be carried out with no transaction costs, and all factors of production — labor, capital, and natural resources — are perfectly mobile and can be shifted to new uses in response to market conditions at no cost.

A perfect market produces a situation called pareto efficiency or pareto optimality, named for the economist vilfredo pareto. This means that it is impossible to change the distribution of goods to make one person better off without simultaneously making anyone worse off. This is because, in the equilibrium created by perfect competition, all possible mutually beneficial exchanges have been made. No actual market is like this, obviously, but many economists use the idea as a way to explain economic concepts or because examining how and why a real market differs from a perfect market can help to explain its workings.

The concepts of the perfect market and perfect competition are widely used in modern neoclassical economics, the dominant school of modern economic thought, but their role and importance are disputed among economists. Many economists see these concepts as a way to identify areas where market processes can be improved upon through government intervention or other changes. Others regard them as a useful thought experiment that helps to explain economic principles but dispute its value as a guide to judging the effectiveness of real-world markets or improving them through government policy, as many real markets function well despite their deviation from the model of perfect competition. Some economists and schools of economic thought reject the perfect market model altogether, usually arguing that the assumptions of the model leave out factors that are too essential to be dispensed with, such as imperfect information and how market processes work over time.

Warning! Just perfect markets is an offshore company! Your deposit may be at risk.

RECOMMENDED FOREX BROKERS

Just perfect markets seems to offer very good grounds for forex trading. Is there anything that traders should worry about? Read on to find out.

Just perfect markets limited, the company behind the broker, is incorporated under the laws of st. Vincent and the grenadines. For those out there not yet on point, the small island nation of st. Vincent and the grenadines is well known as a top destination for many shady broker firms for the simple reason that the country does not have a financial markets regulator. Which in turn gives unlimited power to brokers registered there. So, just perfect markets may or may not be registered there; it matters not. The main concern here is that just perfect markets is UNREGULATED, and thus a risk to all investments made in it.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or cysec. These entities work closely with the law, enforce it when called for, and have strict requirement for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (cysec).

The leverage is capped at 1:500, which is the typical offshore broker leverage amount.

We opened a demo account, and were given a EUR/USD cost of trading of 5,2 pips, which is the first clear sign that this broker is unregulated. We are aware that this is a demo account, but still even demo users have to have a taste of a normal average. Furthermore, just perfect markets has over 5 accounts, as seen when we were opening an account. This means that the spread is different with each account. We opened the standard account, and a 5,2 pip spread is simply unacceptable.

The trading platform gave us the following trading instruments: forex pairs, metals, indices, and energy. This is a very low amount of assets, with crypto and shares being the most obvious missing links.

Just perfect markets provides a huge selection of available languages: english, afrikaans, albanian, amharic, arabic, armenian, azerbaijani, basque, belarusian, bengali, bosnian, bulgarian, catalan, cebuano, chichewa, chinese, corsican, croatian, czech, danish, dutch, esperanto, estonian, filipino, finnish, french, frisian, galician, georgian, german, greek, gujarati, haitian, hausa, hawaiian, hebrew, hindi, hmong, hungarian, icelandic, igbo, indonesian, irish, italian, japanese, javanese, kannada, kazakh, khmer, korean, kurdish, kyrgyz, lao, latin, latvian, lithuanian, luxembourgian, macedonian, malagasy, malay, maltese, maori, marathi, mongolian, myanmar, nepali, norwegian, pashto, persian, polish, punjabi, portuguese, romanian, russian, samoan, scots gaelic, serbian, sesotho, shona, sindhi, sinhala, slovak, slovenian, somali, spanish, sundanese, swahili, swedish, tajik, tamil, telugo, thai, turkish, ukrainian, urdu, uzbek, vietnamese, welsh, xhosa, yiddish, yoruba, zulu. This is by far the biggest collection of languages, and users might have noticed that most of these countries are not very big on forex and for this reason just perfect markets is targeting so many of them; most of them have no clear notion of how and why a broker should be regulated.

The MT4 platform holds the popularity title for many a reason: charting tools, custom indicators, practical chart management, expert advisors and more. MT4’s VPS allow for seamless automated trading at all times, uninterrupted by computer failures, sudden power cuts or connectivity issues.

The EUR/USD spread we got was 5,2 pips which is ridiculous, while the max leverage is 1:500.
The broker mention that there are commissions.

The only commission we found is connected to the ECN account, where it’s $8 of what we assume to be round turn. It adds an extra 0,8 pips to any ECN spread.

The metatrader 4 is available on apple/android devices, and as a desktop trader.

JUST PERFECT MARKETS MINIMUM DEPOSIT

The minimum deposit could not be taken from the client portal, since our account had not been verified. The website claims that the minimum deposit is $10.

Depositing methods are very abundant. The are as follows: bank transfer, credit card, rpnpay, radiantpay, neteller, 2c2p, BTT pay, payfinder, upaycard, cachu, ecompay, cashenvoy, globepay E wallet, sticpay. These methods were taken from the client portal.

This unregulated broker should not be trusted with you deposit, hence our vote against making any investments in it. If traders wish to trade in a safe and regulated environment, we recommend any broker that has a license from the FCA/cysec since these agencies are renowned for their strict law enforcing and protection of clients’ investments and personal information.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so. And even if titanpro500 does briefly warns to cover the CVV code, we are still prone to advice you to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give anydesk or teamviewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, often times for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

JUST PERFECT MARKETS WITHDRAWAL TIME AND FEES

If a withdrawal request is submitted before 17.00 GMT, the request will be processed during that same day. International wire transfers take between 3-5 days.

International wire transfers are charged with a fee. According to the withdrawal policy other payment methods are not feed. However, on the withdrawal page on the website, it is said that all payment methods are charged with 2% per withdrawal. Payment systems can issue further charges.

According to that same page, the minimum withdrawal amount is $25.

ADDITIONAL FEES AND TAXES

Clients will have to pay VAT and other taxes (undisclosed), plus other fees issued by the broker, all in connection to the contract and the relationship between the company and the client. Any specific fee values have not been indicated:

A discerning clause is connected to the client making a charge-back. The client fees $150 for the “investigation” that determines the whether a charge-back was necessary. Furthermore, clients who could not support a charge-back shall receive a $300 penalty, taken directly from the credit card of a user.

If a user is inactive for 6 months or more, he or she will be charged with a dormant account fee of $5.

Unlicensed brokers utilize smartly crafted tactics to keep you as invested as possible into their schemes of deception, the most popular one being the denial of your withdrawal request. The most common excuses for denying your withdraw requests are usually smart and for the most part scripted. These include but are not limited to loopholes in the T/C, asking for more deposits in order to withdraw, or just prolonging your pending withdrawal by claiming that the market will suddenly propel, multiplying your winnings by unrealistic proportions.

ACCOUNT VERIFICATION

If a broker is unlicensed, never give you ID and personal details to it, because the broker will use these details against you once you file for a chargeback. Furthermore, any allegation held against the brokerage will be easily refuted if they have in their possession a copy of your ID and proof of address.

The most important thing to note is that this broker will not return your deposit, nor will it pay your winnings. It never had this intention in the first place. The best advise is to walk away from it, and go straight for a regulated broker. The FCA and cysec are the top non-US license issuers, and those under their gaze are bound by the law to put the security of users’ funds as pivotal priority.

HOW TO RECOVER

Filing for a chargeback is the best adviцe we could give you. Immediately contact your bank or credit card company and lay out the circumstances.

Any details you might have shared with the broker, most notably the CVV code, are sure to be used against you, thus you should swiftly cancel your credit card ASAP.

At some point or another you might stumble upon a “recovery” agent or agency that promises to retrieve all your money back. This sounds all too good to be true, and that’s because it isn’t. Before proceeding with the recovery they will ask a payment for their services. If you choose to indulge them, they will disappear with the money without a hint of remorse.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

Just perfect markets may sound ideal, but be warned that it is far from it in truth. Here, there is a big chance that users will lose money. The broker is not regulated, and its trading conditions are suspicious.

$1000 no deposit bonus – just perfect markets

NO DEPOSIT 1000 USD BONUS for a risk-free start with just perfect markets. The applicant can get an opportunity to trade live forex with the NON-DEPOSIT WELCOME CREDIT BONUS of $1000 USD . The profits can be withdrawn after meeting the terms of the promotion, as stated on their promo-page.

FOREX trading NO DEPOSIT BONUS

Ending date: limited time

Offer is applicable: new clients

How to apply:

Apply for the USD 1000 BONUS

Withdrawal:

Lots are calculated using the following formula: $1000/2 = 500 standard lots to complete.

Maximum profit that can be withdraw is $2000 USD

Terms & conditions – just perfect markets BONUS

– the amount of no deposit credit is $1000

– verification required, before request any withdrawal

– the promotional period for this $1000 no deposit bonus offer has no expiry

– general terms and conditions apply.

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SCUMMERS WHY DEPOSITS
IF YOU DONT WANT TO GIVE PEOPLE CAPITAL NO NEED TO DO THAT
OK LET SAY I EARN 1004 ffffrom your bonus then to deposit 100$ in oder to get my profit its better open to the trusted trokers with my 100$ to start trade with any time withdraw no any restrictions
fuck you scummers
scummers
people dont west your time
those are fuck dcummers

You’re so right dude, they are all fucking scammer

I wouldn’t want anything to do with such brokers..Very bad conditions..How can you ask your client to deposit on ndb account in order for them to withdraw and ask them to trade 1lot/5$?That’s pure greed .

This scam and must required deposit

Stealing user information has no account to open.
盗窃用户信息资料根本就没账户可以开

Wohoo..Lot of people are giving out bad comment towards this, i think they dont event try to get the bonus. This is my sincere n honest comment about this, i claimed this bonus two weeks ago, then i trade up to 1000usd, so i made the deposit of 1000usd in order to get the profit. It is very helpful where they also got groups of ib/mib support me to give free signal n market analysis.. Seriously it is very great experience n now i already withdraw all the profit including my capital+my profit made from the bonus. Haters is everywhere, fr me, those who are commenting like shit, saying that it is a scam is the true scammers. As long they dont cheat people and people can withdraw the money then it is okay for me.. Fr time being there’s no report regarding this broker i think… they are pure broker and for me they are the best since they offer lowest spread/commission in the markets

Odin god, please how do I contact you? I need your help urgently

Hello, please i will like to ask you few questions for clarifications if you don’t mind

Please I will like to ask you few questions for clarifications if you do not mind, so kindly let me know how i can get in touch with you

Nice broker i had meet, just prefect. Even just equity but some people really need it for starting up trade. So helpfull. Btw, im juno markets ib, it doestn matter who are you but with good broker i mean STP broker, its ndd and safe for you guys. Trade at your own risk dan good luck. Call me at +60173741126 for more information about this broker and GMI EDGE welcome bonus30$. Thank you

They just froze my account now without a valid reason….They are scamm

Marganda ompusunggu says :

Saya sudah saldo hingga 180$ ,tapi tiba akun trading saya koq ngak bisa di buka ,mohon info dong,atau memang broker ini broker yg tidak bertanggung jawab,

Hapus dong promo yang sudah off jangan dibpost terus. Sama saja promo palsu itu

Is there a link where I can apply for $100 bonus?

If there is please email it to me

They are another shitty broker. Their live chat is not working. They don’t reply to my email. They are gone.

Perfect competition

What is perfect competition?

Pure or perfect competition is a theoretical market structure in which the following criteria are met:

All firms sell an identical product (the product is a "commodity" or "homogeneous").

All firms are price takers (they cannot influence the market price of their product).

Market share has no influence on prices.

Buyers have complete or "perfect" information—in the past, present and future—about the product being sold and the prices charged by each firm.

Resources for such a labor are perfectly mobile.

Firms can enter or exit the market without cost.

This can be contrasted with the more realistic imperfect competition, which exists whenever a market, hypothetical or real, violates the abstract tenets of neoclassical pure or perfect competition.

Since all real markets exist outside of the plane of the perfect competition model, each can be classified as imperfect. The contemporary theory of imperfect versus perfect competition stems from the cambridge tradition of post-classical economic thought.

Perfect competition

How perfect competition works

Perfect competition is a benchmark, or "ideal type," to which real-life market structures can be compared. Perfect competition is theoretically the opposite of a monopoly, in which only a single firm supplies a good or service and that firm can charge whatever price it wants since consumers have no alternatives and it is difficult for would-be competitors to enter the marketplace.

Under perfect competition, there are many buyers and sellers, and prices reflect supply and demand. Companies earn just enough profit to stay in business and no more. If they were to earn excess profits, other companies would enter the market and drive profits down.

A large and homogeneous market

There are a large number of buyers and sellers in a perfectly competitive market. The sellers are small firms, instead of large corporations capable of controlling prices through supply adjustments. They sell products with minimal differences in capabilities, features, and pricing. This ensures that buyers cannot distinguish between products based on physical attributes, such as size or color, or intangible values, such as branding.

A large population of both buyers and sellers ensures that supply and demand remain constant in this market. As such, buyers can easily substitute products made by one firm for another.

Perfect information availability

Information about the ecosystem and competition in an industry constitutes a significant advantage. For example, knowledge about component sourcing and supplier pricing can make or break the market for certain companies. In certain knowledge- and research-intensive industries, such as pharmaceuticals and technology, information about patents and research initiatives at competitors can help companies develop competitive strategies and build a moat around its products.

In a perfectly competitive market, however, such moats do not exist. Information is equally and freely available to all market participants. This ensures that each firm can produce its goods or services at exactly the same rate and with the same production techniques as another one in the market.

Absence of controls

Governments play a vital role in market formation for products by imposing regulation and price controls. They can control the entry and exit of firms into a market by setting up rules to function in the market. For example, the pharmaceutical industry has to contend with a roster of rules pertaining to research, production, and sale of drugs.

In turn, these rules require big capital investments in the form of employees, such as lawyers and quality assurance personnel, and infrastructure, such as machinery to manufacture medicines. The cumulative costs add up and make it extremely expensive for companies to bring a drug to the market.

In comparison, the technology industry functions with relatively less oversight as compared to its pharma counterpart. Thus, entrepreneurs in this industry can start firms with less to zero capital, making it easy for individuals to start a company in the industry.

Such controls do not exist in a perfectly competitive market. The entry and exit of firms in such a market are unregulated, and this frees them up to spend on labor and capital assets without restrictions and adjust their output in relation to market demands.

Cheap and efficient transportation

Cheap and efficient transportation is another characteristic of perfect competition. In this type of market, companies do not incur significant costs to transport goods. This helps reduce the product’s price and cuts back on delays in transporting goods.

Key takeaways

Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information, no transaction costs, where there are a large number of producers and consumers competing with one another.

Perfect competition is theoretically the opposite of a monopolistic market.

Since all real markets exist outside of the plane of the perfect competition model, each can be classified as imperfect.

Examples of perfect competition

As mentioned earlier, perfect competition is a theoretical construct and does not exist in reality. As such, it is difficult to find real-life examples of perfect competition but there are variants present in everyday society.

Consider the situation at a farmer’s market, a place characterized by a large number of small sellers and buyers. Typically, there is little differentiation between products and their prices from one farmer’s market to another. The provenance of the produce does not matter (unless they are classified as organic) in such cases and there is very little difference in the packaging or branding of products. Thus, even if one of the farms producing goods for the market goes out of business, it will not make a difference to average prices.

The situation may also be relatively similar in the case of two competing supermarkets, which stock their aisles from the same set of companies. Again, there is little to distinguish products from one another between both supermarkets and their pricing remains almost the same. Another example of perfect competition is the market for unbranded products, which features cheaper versions of well-known products.

Product knockoffs are generally priced similarly and there is little to differentiate them from one another. If one of the firms manufacturing such a product goes out of business, it is replaced by another one.

The development of new markets in the technology industry also resembles perfect competition to a certain degree. For example, there was a proliferation of sites offering similar services during the early days of social media networks. Some examples of such sites are sixdegrees.Com, blackplanet.Com, and asianave.Com. None of them had a dominant market share and the sites were mostly free. They constituted sellers in the market while consumers of such sites, who were mainly young people, were the buyers.

The startup costs for companies in this space were minimal, meaning that startups and companies can freely enter and exit these markets. Technologies, such as PHP and java, were largely open-source and available to anyone. Capital costs, in the form of real estate and infrastructure, were not necessary. (facebook's [FB] mark zuckerberg started the company from his college dorm.)

What are the disadvantages of perfect competition models?

Perfect competition establishes an idealized framework for establishing a market. But that market is flawed and has a couple of disadvantages. The first one is the absence of innovation. The prospect of greater market share and setting themselves apart from the competition is an incentive for firms to innovate and make better products. But no firm possesses a dominant market share in perfect competition.

Profit margins are also fixed by demand and supply. Firms cannot thus set themselves apart by charging a premium for their product and services.

For example, it would be impossible for a company like apple inc. (AAPL) to exist in a perfectly competitive market because its phones are pricier as compared to competitors. The second disadvantage of perfect competition is the absence of economies of scale. Limited to zero profit margins means that companies will have less cash to invest in expanding their production capabilities.

An expansion of production capabilities could potentially bring down costs for consumers and increase profit margins for the firm. But the presence of several small firms cannibalizing the market for the same product prevents such an occurrence and ensures that the average firm size engaged in the market remains small.

Do firms make profits in a perfectly competitive market?

The short answer to that question is no. Profits may be possible for brief periods in perfectly competitive markets. But the market’s dynamics cancel out the effects of positive or negative profits and bring them towards an equilibrium. Because there is no information asymmetry in the market, other firms will quickly ramp up their production or reduce their manufacturing costs to achieve parity with the firm which made profits.

The average revenue and marginal revenue for firms in a perfectly competitive market are equal to the product’s price to the buyer. As a result, the perfectly competitive market’s equilibrium, which had been disrupted earlier, will be restored. In the long run, an adjustment of supply and demand ensures all profits or losses in such markets tend towards zero.

Does perfect competition exist in the real world?

Real-world competition differs from this ideal primarily because of differentiation in production, marketing, and selling. For example, in agriculture, the owner of a small organic products shop can talk extensively about the grain fed to the cows that made the manure that fertilized the non-GMO soybeans—that's differentiation. Through marketing, companies seek to establish "brand value" around their differentiation and advertise to gain pricing power and market share.

Thus, the first two criteria—homogeneous products and price takers—are far from realistic. Yet, for the second two criteria—information and mobility—the global tech and trade transformation is improving information and resource flexibility. While the reality is far from this theoretical model, the model is still helpful because of its ability to explain many real-life behaviors.

Barriers to entry prohibit perfect competition

Many industries also have significant barriers to entry, such as high startup costs(as seen in the auto manufacturing industry) or strict government regulations (as seen in the utility industry), which limit the ability of firms to enter and exit such industries. And although consumer awareness has increased with the information age, there are still few industries where the buyer remains aware of all available products and prices.

As you can see, there are significant obstacles preventing perfect competition from appearing in today's economy. The agricultural industry probably comes closest to exhibiting perfect competition because it is characterized by many small producers with virtually no ability to alter the selling price of their products. The commercial buyers of agricultural commodities are generally very well-informed and, although agricultural production involves some barriers to entry, it is not particularly difficult to enter the marketplace as a producer.

Perfect vs. Imperfect competition: what's the difference?

Perfect vs. Imperfect competition: an overview

Perfect competition is a concept in microeconomics that describes a market structure controlled entirely by market forces. If and when these forces are not met, the market is said to have imperfect competition.

While no market has clearly defined perfect competition, all real-world markets are classified as imperfect. That being said, a perfect market is used as a standard by which the effectiveness and efficiency of real-world markets can be measured.

Perfect competition

Perfect competition is an abstract concept that occurs in economics textbooks, but not in the real world. That's because it's impossible to attain in real life.

Theoretically, resources would be divided among companies equally and fairly in a market with perfect competition, and no monopoly would exist. Each company would have the same industry knowledge and they would all sell the same products. There would be plenty of buyers and sellers in this market, and demand would help set prices evenly across the board.

In order for a market to have perfect competition, there must be:

Identical products sold by companies

An environment in which prices are determined by supply and demand, meaning companies cannot control the market prices of their products

Equal market share between companies

Complete information about prices and products available to all buyers

An industry with low or no barriers to entry or exit

The entry and exit in perfect market competition is not regulated, which means the government has no control over the players in any given industry.

When it comes to their bottom lines, companies typically make just enough profit to stay in business. No one business is more profitable than the next. That's because the dynamics in the market cause them to operate on an equal playing field, thereby canceling out any possible edge one may have over another.

Since perfect competition is merely a theoretical concept, it is difficult to find a real-world example. But there are instances in the market that may appear to have a perfectly competitive environment. A flea market or farmer's market are two examples. Consider the stalls of four crafters or farmers in the market who sell the same products. This market environment is characterized by a small number of buyers and sellers. There may be little to differentiate between the products each crafter or farmer sells, as well as their prices, which are typically set evenly among them.

Imperfect competition

Imperfect competition occurs in a market when one of the conditions in a perfectly competitive market are left unmet. This type of market is very common. In fact, every industry has some type of imperfect competition. This includes a marketplace with different products and services, prices that are not set by supply and demand, competition for market share, buyers who may not have complete information about products and prices, and high barriers to entry and exit.

Imperfect competition can be found in the following types of market structures: monopolies, oligopolies, monopolistic competition, monopsonies, and oligopsonies.

In monopolies, there is only one (dominant) seller. That company offers a product to the market that has no substitute. Monopolies have high barriers to entry, a single seller which is a price maker. That means the firm sets the price at which its product will be sold regardless of supply or demand. Finally, the firm can change the price at any time, without notice to consumers.

In an oligopoly, there are many buyers but only a few sellers. Oil companies, grocery stores, cellphone companies, and tire manufacturers are examples of oligopolies. Because there are a few players controlling the market, they may bar others from entering the industry. The firms in this market structure set prices for products and services collectively or, in the case of a cartel, they may do so if one takes the lead.

Monopolistic competition occurs when there are many sellers who offer similar products that aren't necessarily substituted. Although the barriers to entry are fairly low and the companies in this structure are price makers, the overall business decisions of one company do not affect its competition. Examples include fast food restaurants like mcdonald's and burger king. Although they are in direct competition, they offer similar products that cannot be substituted—think big mac vs. Whopper.

Introduce investing to teenagers with this perfect stock sampler

It's never too early to start investing -- even if you're 13. The longer your kids' money can grow, the richer they can become.

There are few better gifts you can give to your kids, or other children you care about, than an introduction to investing. Most of us get our wake-up calls about the importance and value of investing much later than we wish we had -- let's not let that happen to the next generation.

After all, young people have the most to gain from investing -- because they have so much time for their money to grow.

Image source: getty images.

The case for starting to invest while young

Yes, you can amass a lot of money over just 20 years or so -- but you will probably have to sock away hefty sums each year. In contrast, someone who is just 15 has a full 50 years until age 65, and money can grow very powerfully over such a long period. Indeed, those who start young and stick with it can probably achieve early retirements.

Check out how much a single investment of just $1,000 can grow to, at an average annual rate of 8%:

Source: calculations by author.

Of course, $1,000 might be a stretch when you're just 15, but most of us can increase our annual investments each year or so, as we (ideally) see our incomes increase over time. Check out how larger sums can grow:

Source: calculations by author.

Getting kids interested

One of the best ways to get kids interested in investing in stocks is to show them how wealthy they can become through it. Show them the tables above, for example. Much of it may be hard to process -- even we adults can have trouble wrapping our heads around huge numbers -- but explain that those big sums can mean that they will be able to do most things they'd like to do later in life -- like taking flying lessons, traveling around the world, buying every book or piece of music they'd like, buying any clothes they'd like, buying nice cars, having a nice home, and so on.

Here are some other ways to get your kids investing:

Discuss financial matters frequently in your home. Let your kids hear you talking about how much things cost, and how you're doing working toward your own financial goals. Discuss your investments that have gone well and poorly. Discuss mistakes you've made and what you've learned. Discuss companies in the news that interest them.

Set up a mock portfolio. Give them, say, $100,000 in imaginary money and have them pretend to buy some shares of stock in companies that interest them. Set up the portfolios online, so they can check in every day and see the progress. Discuss why various holdings have risen or fallen.

Set up an actual investment account for them at a good brokerage. There are "custodial" accounts that can be opened with and for kids, and kids with earned income can even have roth IRA accounts.

Once kids have real or imaginary investments in a portfolio of their own, follow those companies like sports teams: keep up with their developments together and root for their success.

What to invest in

So what should your kids actually invest in? Well, a simple low-fee, broad-market index fund, such as one that tracks the S&P 500, is a fine option for kids and adults alike. But it can make good sense to start out with some stocks in individual companies, as that can be far more interesting for young people to follow and keep track of -- and it can build a stronger interest in investing.

Focus on companies they're familiar with and really like -- as they will be more inclined to keep up with those. You can come up with companies that they know and admire by thinking about their habits: what do they eat or drink a lot of? What restaurants do they like? What stores do they frequent at the mall? What are their favorite brands? What products do they use every day? What are their hobbies?

Here are some of the many companies you and your kids might consider:

Advantages and disadvantages of perfect competition

Perfect competition is a market structure where there are many sellers and buyers in the market selling a homogeneous product which results in the price of the product being discovered by the equilibrium between seller’s supply of product and consumers demand for the product. Let’s look at some of the advantages and disadvantages of perfect competition –

Advantages of perfect competition

First and foremost advantage of perfect competition is that chances of consumer exploitation are very low in case of this type of market structure because in perfect competition sellers do not have any monopoly pricing power and hence they cannot influence the price of the product or charge higher than the normal price from consumers.

Another advantage of perfect competition is that consumer get standardized product irrespective of the place of purchase of product, so for example if a consumer is living in city A and he or she travels to city B and he or she requires soap which normally has perfect competition then consumer does not have to worry about quality of product because product will remain same whether consumer purchase it from city A or city B.

Perfect competition is consumer-oriented market implying that consumer is king in case of this type of market structure and sellers cannot displease the consumer because consumer will quickly shift from one seller to another, hence as far as consumers are concerned perfect competition market structure gives them pleasure of shifting from one seller to another if they are not satisfied from the product or sellers services.

Another advantage of perfect competition is that it has very little or no advertisement expense because products are homogeneous and if the firm keeps the price as decided by market forces then sales will automatically happen without the company incurring huge publicity and advertisement expense.

Disadvantages of perfect competition

The biggest disadvantage of this type of market structure is that there is no incentive for sellers to innovate or add more features to the product because in case of perfect competition profit margin is fixed and seller cannot charge higher than normal price which is prevailing in the market because consumer will move to other sellers hence sellers keep selling standardized product at price fixed by market forces of demand and supply.

Another disadvantage of perfect competition is that there are very few barriers to entry implying that any firm can enter the market and start selling the product, hence old firms cannot afford to be complacent because chances of losing market share to new firms always loom over them.

In the case of perfect competition firm which has the best location is likely to generate more sales then firm which is not located on prime location and hence location playing its part rather than customer service of the seller or product features is a limitation in perfect competition.

As one can see from the above that perfect competition has both advantages and disadvantages, however in real life this type of market structure seldom exists because all products cannot be homogeneous and there is slight difference even between perfect homogeneous products which give sellers opportunity to charge differential price from customers, hence in real-world perfect competition is rarely found.

Most investors fail at timing the stock market for these 3 reasons

Do you really think you can beat the odds?

When you're right in the middle of a bull market, timing the market can seem like a good move. Your investments are moving up and your account balances are increasing -- which is exciting!

But it's not that easy, and studies have shown that more often than not investors will underperform the stock market over the long term. This is due, in part, to fees and taxes, but also because of these three reasons.

Image source: getty images.

1. It's very time-consuming

Professional fund managers spend their workdays researching and studying the economy and companies. They do this with the hope of identifying great investment opportunities that will increase their share value. But they don't have a crystal ball and can't predict with 100% accuracy when they should buy or sell these investments. And these misses can have a major effect on their fund's return.

If you are someone who is working a full-time job and trading in your spare time, missing out on good trading days can happen even more often because you get lost in your other responsibilities. This could result in an even bigger disparity between your return and the market return.

How much? From jan. 3, 2000, through dec. 31, 2019, if you were fully invested in an S&P 500 fund, you would've earned an average annual rate of return of 6.06%. Missing the best 10 stock market days would've reduced that return to 2.44% on average every year. Missing the best 20 days would've put you at a slightly positive return of 0.08% on average each year, and missing the best 30 days would've put you at a negative return of -1.95% on average annually.

2. It requires a lot of skill

You can learn how the stock market works and start investing, but actively trading can get more complicated. There may be some professional money managers who have a lot of knowledge in different areas, but usually, money managers have employees who have specializations. Some specializations are so granular that a single division of employees handles just one market sector. Matching this skillset potentially means becoming an expert in many different areas and learning detailed information -- like how stocks with various market capitalizations, geographic regions, and styles perform in different market cycles.

Even then, having this knowledge doesn't mean that you'll beat the market. Most professional money managers don't consistently do better than an S&P 500 fund. According to a report published by SPIVA, 77.97% of large-cap U.S. Funds have underperformed the S&P 500 index over a five-year period of time.

3. Your emotions can get in the way

Trading can get emotional. As much as you know that you should buy stocks when they are trading at low prices, doing this can be difficult. In 2008, bank stocks were hit the hardest, and investing in this industry may have been scary. A finance stock like goldman sachs (NYSE:GS) started the year trading at $214.80. By nov. 20, 2008, it closed at a low of $52.

If you considered buying it at the time, seeing other banks fail may have made you hold off on purchasing it. But if you'd bought this stock at its low, you would've seen it rise to $82.06 by the end of the year -- and now it's trading near $240. If you owned it at the time and sold it out of fear, you would've realized your loss and wouldn't have recouped your money.

The better alternative to market timing

So what's your best bet? Don't time the market. Sure, you could be a natural and do well overall, but just a few misses cost you in the form of investment return and dollars accumulated toward your goal.

Instead, make your life easier and consider investing the main portion of your accounts in a simple ETF or index fund. If you find trading exciting and love doing it, you can set aside a portion of your accounts for trading. Just remember that even if you do well in the short term, properly gauging whether or not you're beating the market should pass the test of time.

Introduce investing to teenagers with this perfect stock sampler

It's never too early to start investing -- even if you're 13. The longer your kids' money can grow, the richer they can become.

After all, young people have the most to gain from investing -- because they have so much time for their money to grow.

Image source: getty images.

The case for starting to invest while young

Check out how much a single investment of just $1,000 can grow to, at an average annual rate of 8%:

Source: calculations by author.

Getting kids interested

Here are some other ways to get your kids investing:

Discuss financial matters frequently in your home. Let your kids hear you talking about how much things cost, and how you're doing working toward your own financial goals. Discuss your investments that have gone well and poorly. Discuss mistakes you've made and what you've learned. Discuss companies in the news that interest them.

Set up a mock portfolio. Give them, say, $100,000 in imaginary money and have them pretend to buy some shares of stock in companies that interest them. Set up the portfolios online, so they can check in every day and see the progress. Discuss why various holdings have risen or fallen.

Set up an actual investment account for them at a good brokerage. There are "custodial" accounts that can be opened with and for kids, and kids with earned income can even have roth IRA accounts.

Once kids have real or imaginary investments in a portfolio of their own, follow those companies like sports teams: keep up with their developments together and root for their success.

What to invest in

Here are some of the many companies you and your kids might consider:

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