imperfect competition
noun[U]
ECONOMICSukusthesituationin which there is little or nocompetitionin amarket, forexample, because there is only onecompanysellingaproductand it cancontrolitspriceandsupply
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perfect competition
| 单词 | imperfect competition |
| 释义 | imperfect competition noun[U] ECONOMICSukusthesituationin which there is little or nocompetitionin amarket, forexample, because there is only onecompanysellingaproductand it cancontrolitspriceandsupply Compare perfect competition Examplesofimperfect competitionimperfect competition An oligopsony is a form ofimperfectcompetition. From Wikipedia Unlike perfect competition,imperfectcompetitioninvariably means market power is unequally distributed. From Wikipedia Later microeconomic theory distinguished between perfect competition andimperfectcompetition, concluding that no system of resource allocation is more efficient than perfect competition. From Wikipedia The correct sequence of the market structure from most to least competitive is perfect competition,imperfectcompetition, oligopoly, and pure monopoly. From Wikipedia In the real world, markets often experienceimperfectcompetition. From Wikipedia Hence the fiscal multiplier is less than one, but increasing in the degree ofimperfectcompetitionin the output market. From Wikipedia He was a seminal contributor to the macroeconomics ofimperfectcompetition, and has published extensively on labor economics, macroeconomic theory and policy, and the design of welfare systems. From Wikipedia The reason for this is thatimperfectcompetitionin the output market tends to reduce the real wage, leading to the household substituting away from consumption towards leisure. From Wikipedia This paper was the first to demonstrate in a simple general equilibrium model that the fiscal multiplier could be increasing with the degree ofimperfectcompetitionin the output market. From Wikipedia Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, andimperfectcompetition. From Wikipedia These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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