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).

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Meanings

noun
  1. economicsA 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).
Cite this entry
APA

monopolistic competition. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/monopolistic%20competition

MLA

“monopolistic competition.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/monopolistic%20competition. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “monopolistic competition,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/monopolistic%20competition.

Source: monopolistic competition on Wiktionary, CC BY-SA 4.0.