monopolistic competition

noun

1. economics the form of imperfect competition that exists when there are many producers or sellers of similar but differentiated goods or services

Example Sentences

This actually might provide a test for our two theories: it the tax approach would not work, then monopolistic competition might be a force too strong - and the next candidate for the �main cause�.

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Heterogeneous labour might be congruent to monopolistic competition - but, anyhow, I�d rather take heterogeneity as the starting point, and then proceed with the model, and stay away from the - perhaps ideological - debate on market type.

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The Theory of monopolistic competition: a re-orientation of the theory of value.

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The Theory of monopolistic competition; a reorientation of the theory of value.

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