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monopolistic competition

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
monopolistic competition
n
(Economics) Economics the form of imperfect competition that exists when there are many producers or sellers of similar but differentiated goods or services


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Chinese beer industry is developing towards monopolistic competition and oligarch competition.
Some specific areas addressed include monopolistic competition and trade, the extent and impact of non-tariff barriers in rich countries, China's horticultural trade patterns, credit guarantees for wheat exports, the implications of US rice export promotion programs in Latin America, and endogenous trade protection in the Mexican corn market.
I had been reading Edward Chamberlin's Theory of Monopolistic Competition (1933), a book that had become a mainstay of industrial organization theory during the 1950s.
 
 
 
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