The smaller U.S.mainframe computer and peripheral equipment manufacturers of the 1960s (the "Bunch") were perfect competitors, since they produced homogenous products and had little control over the market price.

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The "Bunch" (Burroughs, Univac, NCR, Control Data, Honeywell, and General Electric) were not perfect competitors because their products were not homogeneous and they did have some control over their pricing and product differentiation, unlike in a perfectly competitive market where products are identical and no single firm can influence the market price.

The Smaller U