Monopolistic Competition

Monopolistic competition is a common market form. Many markets can be considered as monopolistically competitive, often including the markets for restaurants, cereal, clothing, shoes and service industries in large cities.Monopolistically competitive markets have the following characteristics:There are many producers and many consumers in a given market.Consumers have clearly defined preferences and sellers attempt to differentiate their products from those of their competitors; the goods and services are heterogeneous, usually (though not always) intrinsically so.There are few barriers to entry and exit.Producers have a degree of control over price.
See more at Wikipedia.org...

a market situation in which there are many sellers and many buyers of products which can be differentiated on price and other features. See Oligopolistic Competition; Pure Competition; Pure Monopoly.

Monopolistic Competition
(Econ) Cạnh tranh độc quyền.+ Là một học thuyết do E.H.Chamberlin (THUYẾT VỀ CẠNH TRANH VÀ ĐỘC QUYỀN, nhà xuất bản Harvard University, 1933) và J.Robinson (Kinh tế học về cạnh tranh không hoàn hảo, Macmillan,1933) khởi xướng.
(C) 2007 www.TừĐiểnTiếngViệt.net