![](/template/termwiki/images/likesmall.jpg)
Home > Terms > Armenian (HY) > մենաշնորհային մրցակցություն
մենաշնորհային մրցակցություն
Somewhere between perfect competition and monopoly, also known as imperfect competition. It describes many real-world markets. Perfectly competitive markets are extremely rare, and few firms enjoy a pure monopoly; oligopoly is more common. In monopolistic competition, there are fewer firms than in a perfectly competitive market and each can differentiate its products from the rest somewhat, perhaps by advertising or through small differences in design. These small differences form barriers to entry. As a result, firms can earn some excess profits, although not as much as a pure monopoly, without a new entrant being able to reduce prices through competition. Prices are higher and output lower than under perfect competition.
- Deel van toespraak: noun
- Synoniem(en):
- Blossary:
- Industrie/Domein: Economy
- Category: Economics
- Company: The Economist
- Product:
- Acroniem-Afkorting:
Andere talen:
Wat wilt u zeggen?
Terms in the News
Featured Terms
Վիկտորիաս Սիքրեթ
A US retailer of premium quality women's fashion wear, lingerie and beauty products. Victoria's Secret is known for its annual fashion runway show, ...
Donateur
Featured blossaries
HOSEOKNAM
0
Terms
42
Woordenlijsten
11
Followers
Chinese Internet term
![](/template/termwiki/images/likesmall.jpg)
![](https://accounts.termwiki.com/thumb1.php?f=08b2407b-1389173458.jpg&width=304&height=180)
Browers Terms By Category
- Characters(952)
- Fighting games(83)
- Shmups(77)
- General gaming(72)
- MMO(70)
- Rhythm games(62)
Video games(1405) Terms
- Plastic injection molding(392)
- Industrial manufacturing(279)
- Paper production(220)
- Fiberglass(171)
- Contract manufacturing(108)
- Glass(45)
Manufacturing(1257) Terms
- Natural gas(4949)
- Coal(2541)
- Petrol(2335)
- Energy efficiency(1411)
- Nuclear energy(565)
- Energy trade(526)
Energy(14403) Terms
- Advertising(244)
- Event(2)