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.
Types of Markets & Concentration Measures. Sellers must take the existing market price and they will adjust the quantity of their products so as to maximize profit at the market price. Because sellers must take the current market price, a purely competitive market also is called a price takers market. While perfectly competitive markets have a homogeneity of goods, price-searcher markets have a differentiation of goods.