monopolistic competition
Monopolistic competition refers to a market structure in which numerous sellers offer differentiated products that are similar but not identical, allowing each seller to have a degree of control over the price and output.
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Related Concepts (1)
Similar Concepts
- conflict and competition
- cooperative competition
- corporate competition
- duopoly
- economic competition
- fair competition
- free market
- imperfect competition
- inadequate market competition
- intergroup competition
- market competition
- market concentration
- monopolies and market power
- monopoly
- non-price competition