Perfectly competitive financial markets

Definition: [crh] Markets in which no trader has the power to change the price of goods or services. Perfect capital marketsDefinition: > are characterized by certain conditions: (1) Trading is cost less, and access to the financial markets is freDefinition: e; (2) information about borrowing and lending opportunities is freely available; and (3) there are many traders, and no single trader can haveDefinition: a significant impact on market prices.

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