Perfect Competition Topic Index

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Housing Starts

Many of the inputs used in home construction, such as labor and lumber, are purchased in near-perfectly competitive resource markets. In these markets resources are homogeneous in quality, entry is relatively low-cost, and there are many buyers and sellers, each small in size relative to the overall market.

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Stock Prices: S&P 500

Many of the inputs used in home construction, such as labor and lumber, are purchased in near-perfectly competitive resource markets. In these markets resources are homogeneous in quality, entry is relatively low-cost, and there are many buyers and sellers, each small in size relative to the overall market.

Visit additional resources for this topic:

 

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