monopolistic competition

noun

: competition that is used among sellers whose products are similar but not identical and that takes the form of product differentiation and advertising with less emphasis upon price compare imperfect competition

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Dictionary Entries Near monopolistic competition

monopolist

monopolistic competition

monopolize

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“Monopolistic competition.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/monopolistic%20competition. Accessed 22 Nov. 2024.

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