loculation. Definitions: 1. A loculate region in an organ or tissue, or a loculate structure formed between surfaces of organs, mucous or serous membranes, and so on. 2. The process that results in the formation of a loculus or loculi. The definition information for loculation is provided by Stedman's.
Competitive markets, sometimes referred to as perfectly competitive markets (or perfect competition), have three specific features. The first feature is that a competitive market consists of a large number of buyers and sellers that are small relative to the size of the overall market.
The price competition that moves. the market back to equilibrium is a direct result from actions taken by the dissatisfied. actor in the market â either by firms competing and lowering prices when a surplus. exists or by consumers competing and raising prices when a shortage exists. Thus, price competition only exists.