Monopolistic competition

 

 

 

Monopolistic competition

 

Glossary of business

 

Definition of monopolistic competition

 

An industry in monopolistic competition is an industry made up of a large number of small firms who produce goods which are only slightly different from that of all other sellers. It is similar to perfect competition with freedom of entry and exit for firms but goods that are differentiated.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of monopolistic competition

 

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Meaning of monopolistic competition

 

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What does monopolistic competition mean ?

 

 

 

 

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