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definitions

imperfect competition

noun

economics the market situation that exists when one or more of the necessary conditions for perfect competition do not hold

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Nearby words

  1. imperception,
  2. imperceptive,
  3. impercipient,
  4. imperf.,
  5. imperfect,
  6. imperfect contrition,
  7. imperfect flower,
  8. imperfect fungus,
  9. imperfect stage,
  10. imperfectible
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