monopolistic competition

Noun

  • A type of market structure that shares both characteristics of perfect competition and that of monopoly depending on the time frame (long-run or short-run).

Modern English dictionary

Explore and search massive catalog of over 900,000 word meanings.

Word of the Day

Get a curated memorable word every day.

Challenge yourself

Level up your vocabulary by setting personal goals.

And much more

Try out Vedaist now.