Definition of monopolistic competition in English:
monopolistic competition
noun
another term for imperfect competition
Example sentencesExamples
The need for newsroom investment to improve quality can be explained at least partially by the theory of monopolistic competition.
He hasn't changed his substantive views on comparative advantage or monopolistic competition.
Called the umbrella model and later the ring model, this competition across city and county lines and among newspapers with different publication cycles represents a form of monopolistic competition.
It's usually hard to draw the line, however, between legitimate defensive strategies and monopolistic competition.
Although the newspaper industry does not fit all the assumptions of classic economic theory, readers' behavior can be explained at least partially by the theory of monopolistic competition.
As a consequence, Miksch regards a competition-political evaluation of Edward Chamberlin's studies on monopolistic competition as inevitable.
If the inefficiency of monopolistic competition is used to critique public water utilities, it is contradictory to advocate for the switch to a private monopoly.
The most pervading sociological frame in this regard is inspired by the works of Simmel and also discerned in Chamberlin's ideas concerning monopolistic competition.
He argues that monopolistic competition, rather than imitation, is the likely path to long-term viability for industrial agglomeration in the movie industry of the twenty-first century.
The AOA is all about consolidating the monopolistic competition between the US and the EU for third country markets.
The framework of monopolistic competition lies somewhere in between the Walrasian two approaches: Profit maximizing occurs with a demand constraint, modelled by a demand function.