Term applied to markets in which perfect competition does not hold because at least one seller or buyer is large enough to affect the market price and therefore causes a downward slopping demand or supply curve. Imperfect competition refers to any kind or market imperfection pure monopoly, oligopoly, or monopolistic competition.
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Showing posts with label imperfect. Show all posts
Showing posts with label imperfect. Show all posts
Competition, imperfect
Friday, July 23, 2010Posted by investingport.com at 12:02 PM 1 comments
Labels: competition, Financial Dictionary, imperfect
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