What does Monopolistic Competition mean?
A type of imperfect competition such that many producers sell products that are differentiated from one another and hence are not perfect substitutes.
The restaurant industry is a classic example of Monopolistic Competition, with many firms selling differentiated products.
Monopolistic Competition in German, French, Spanish and Italian
GermanMonopolistische Konkurrenz
Marktform, bei der viele Anbieter leicht unterschiedliche Produkte verkaufen.
FrenchConcurrence monopolistique
Situation de marché avec de nombreux offreurs proposant des produits différenciés.
SpanishCompetencia monopolística
Mercado con muchos vendedores de productos similares pero no idénticos.
ItalianConcorrenza monopolistica
Forma di mercato intermedia tra monopolio e concorrenza perfetta.
Synonyms and opposites for Monopolistic Competition
- Synonym Imperfect competition
- Opposite Perfect competition
- Opposite Monopoly