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Monopolistic competitionA market structure in which there are many sellers each producing a differentiated product. Each can set its own price and quantity, but is too small for that to matter for prices and quantities of ot [..]
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Monopolistic competitionMonopolistic competition describes an industry structure combining elements of both monopoly and perfect competition. As in perfect competition, there are many sellers and entry and exit is relatively [..]
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Monopolistic competition1. A market situation where many sellers, each with a relatively small market share and with slightly differentiated products, compete for consumer patronage. 2. A market situation where many sellers compete, often emphasizing marketing variables other than price. The term originated with Harvard economist Edward Chamberlain in the 1930s.
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Monopolistic competitionA market structure characterized by a large number of small firms, similar but not identical products sold by all firms, relative freedom of entry into and exit out of the industry, and extensive know [..]
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Monopolistic competitionDefinition 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 marketplac [..]
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Monopolistic competitionA market structure in which slightly differentiated products are sold by a large number of relatively small producers, and in which the barriers to new firms entering the market are low.
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Monopolistic competitionA market structure where many firms produce similar but not identical products.
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Monopolistic competitionEssentially the same as imperfect competition: a market situation in which one or more firms may be capable of influencing the price of the product. It is characterized by product differentiation, oft [..]
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Monopolistic competitionThere is at least an oral tradition that the origin of theories of monopolistic competition is Sraffa’s (1926). In the case of Joan Robinson (1933) ...
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Monopolistic competitionThere is at least an oral tradition that the origin of theories of monopolistic competition is Sraffa's (1926). In the case of Joan Robinson (1933) this ...
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Monopolistic competitionA market structure similar to perfect competition in that there are a large number of firms competing in a given industry. However, each firm is selling a differentiated product and may exploit brand preferences such that is may act as a monopolist with respect to its own customers.
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Monopolistic competitionis a market structure with the following features: (i) there is a large number of firms producing differentiated products; (ii) a firm's supply decision affects the price for its product; (iii) t [..]
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