A market structure in which several or many sellers each produce similar, but slightly differentiated products. Each producer can set its price and quantity without affecting the marketplace as a whole.
Related information about monopolistic competition:
- Monopolistic competition - Wikipedia, the free encyclopedia
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not ...
- Monopolistic Competition Definition | Investopedia
A type of competition within an industry where:1. All firms produce similar yet not perfectly substitutable products.2. All firms are able to enter the industry if the ...
- monopolistic competition - AmosWEB
In effect, monopolistic competition is something of a hybrid between perfect competition and monopoly. Comparable to perfect competition, monopolistic ...
- Monopolistic competition - Economics Online Home
The model of monopolistic competition describes a common market structure in which firms have many competitors, but each one sells a slightly different product ...
- Monopolistic Competition
Monopolistic Competition is a market structure in which many firms sell ... Each firm in monopolistic competition faces a downward-sloping demand curve.
- Episode 29: Monopolistic Competition - YouTube
Jul 8, 2011 ... In this video, compare the monopolistically competitive market structure to the previously covered structures (perfect competition and monopoly) ...
- Introduction to Monopolistic Competition
This article gives an overview of the features of a monopolistically competitive market.
- Economics: Monopolistic Competition in the Long‐run
The difference between the short-run and the long-run in a monopolistically competitive market is that in the long-run new firms can enter the market, which is ...