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  5. Monopolistic Competition (in an industry)

Monopolistic Competition (in an industry)

Definition of 'Monopolistic Competition (in an industry)'

This industry has many sellers producing products that are close substitutes for one another.

Each firm has only a limited ability to affect its output price.

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Related Terms

AntitrustCompetition PolicyCBILife Cycle Stage of Value CreationOligopolyPerfectly Competitive IndustryPerfectly Competitive MarketTechnical Standards Committee (TSC)CollusionCompetition CommissionProtectionStrategic AllianceAUTIFCollective Investment Schemes RegulationsConfederation of British IndustryDesignated TerritoryEntryFocus StrategyGlobalisationIndustry Attractiveness

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