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British Dictionary definitions for imperfect competition

imperfect competition

noun
  1. economics the market situation that exists when one or more of the necessary conditions for perfect competition do not hold
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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