Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,184,134 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Monopolistic Competition

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
Monopolistic Competition
Competition between two or more companies where all companies produce similar (but not exactly the same) products, but all leave some excess production capacity so that total supply for the market does not meet demand. This results in product prices remaining artificially high and therefore larger profits for the companies involved. Monopolistic competition, when it is the result of collusion between companies, can be illegal under some circumstances. It contrasts with perfect competition.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
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.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.