Monopolistic Competition

Monopolistic CompetitionFeedback.png


Monopolistic competition is a type of imperfect competition in which many sellers, each with a relatively small market share and with differentiated products (i.e., not perfect substitutes for each other), compete for consumer patronage. In monopolistic competition, sellers often emphasize marketing variables other than price. The term originated with Harvard economist Edward Chamberlain in the 1930s.[1]

See also

  1. ^ American Marketing Association. AMA Dictionary.

We welcome comments that will help us improve the precision and clarity of our definitions. To submit a suggestion, please click on the Add Discussion bar below.
  • Comments are limited to registered users of this site. Click “Join” at the top right hand side of this page to apply.
  • If you would like to suggest a new marketing definition or have a general comment, please visit our home page.