The main difference between perfect competition and imperfect competition involves types of consumers control over price the structure of the company

The main difference of both types of competitions is the structure of the company. Perfect competition is a part of microeconomics that describes a structure of the market that is controlled entirely by market forces or consumers. While imperfect competitions feature competitive markets where oligopoly is an example. This is were fewer sellers of a product are present in the market based on its current status or structure. Perfect competition is a theoretical type of model of economics because a lot of markets today in society almost always involves imperfect competitions.