imperfect competition


noun

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

QUIZZES

THIS PSAT VOCABULARY QUIZ IS PERFECT PRACTICE FOR THE REAL TEST

In our third teacher-created PSAT practice test there are new and unique vocabulary terms you may have never heard of! Can you guess what they mean?
Question 1 of 10
seclusion
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