Construct · 1 fields · 1 citations

monopolistic competition: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
monopolisticcompetition1 CONSTRUCTMonopolistic competitionCHAMBERLIN · INDUSTRIAL

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Industrial organization

market structure with many firms selling differentiated products, each facing downward-sloping demand, with free entry driving profits toward zero.

In industrial organization, monopolistic competition refers to market structure with many firms selling differentiated products, each facing downward-sloping demand, with free entry driving profits toward zero. This meaning comes from Chamberlin (1933) in The theory of monopolistic competition.[1]

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Nearby constructs

demand4 fields · 4 citationsjingle · one word, four constructsmarket3 fields · 5 citationsjingle · one word, three constructsnew open economy macroeconomics1 fields · 1 citationsanchor · a standalone construct

References

  1. Chamberlin, E. (1933). The theory of monopolistic competition. Harvard university press. Open Library record

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