The market structure of perfect competition has alot of ideal qualities hence the name perfect. For example perfectly competitive firms are productively efficient and perfectly competitive markets. It is however difficult to find many examples of perfect competition in the real world. Perfect competition is really a bench mark against which we compare other market structures in the real world.

How much actual competition occurs in perfectly competitive markets? Some make the claim.that there is actually no competition between firms in a perfectly competitive markets?Do you agree or disagree with the claim ?what is your reasoning