Cartman Learns Perfect Competition

Okay Kyle, listen. If I open a hotdog stand and I’m in a perfectly competitive

market, I get to set the price however I want. I’m the boss.

I’m an entrepreneur. No, Cartman. That’s literally the opposite of

perfect competition. You’re a price taker. Cartman: I am not a “price taker,” I’m a “price

maker.” I make the price. I write it on the sign. Boom.

Kyle: And then nobody buys from you because the market price is already determined

by supply and demand. If you charge more, customers go to another stand. If you charge less,

you lose money. Cartman: So you’re saying I have zero power? That’s racist.