Definition of monopolistic competition in English:

monopolistic competition

Line breaks: mon|op¦ol|is¦tic com|pe¦ti¦tion

noun

  • another term for imperfect competition.
    More example sentences
    • The AOA is all about consolidating the monopolistic competition between the US and the EU for third country markets.
    • He hasn't changed his substantive views on comparative advantage or monopolistic competition.
    • As a consequence, Miksch regards a competition-political evaluation of Edward Chamberlin's studies on monopolistic competition as inevitable.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day astrogation
Pronunciation: ˌastrə(ʊ)ˈgeɪʃ(ə)n
noun
(in science fiction) navigation in outer space