perfect competition

19 LETTERS · STARTS WITH P

perfect competition is a valid 19-letter word worth 31 points in Scrabble and 37 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS

P3E1R1F4E1C3T1C3O1M3P3E1T1I1T1I1O1N1

3 + 1 + 1 + 4 + 1 + 3 + 1 + 0 + 3 + 1 + 3 + 3 + 1 + 1 + 1 + 1 + 1 + 1 + 1 =31 PTS

DOUBLE WORD → 62TRIPLE WORD → 93

MEANING

What does perfect competition mean?