Perfect competition

The benefits that there are in a perfectly competitive market for consumers are that prices can stay at a low level and if a business in that market raises there prices, competitors will most likely all keep their prices down and wait till the competitor who put their prices up, put them down again. As there is no market leader there is no one business who can influence the direction of the market. Market growth will most likely stay stable, keeping prices at a stable amount as there is no pressure of businesses finding it hard to keep up with the rest of it's competitors.