Economics Dictionary of ArgumentsHome
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| Imperfect Competition - Economics Dictionary of Arguments | |||
| Imperfect competition: Imperfect competition in economics refers to market structures where individual firms have some control over prices, unlike perfect competition. This occurs due to product differentiation, barriers to entry, or limited competition. Types of imperfect competition include monopolistic competition, oligopoly, and monopoly, where firms can influence market outcomes, leading to inefficiencies such as higher prices and reduced consumer choice. See also monopolies, monopoly price, oligopolies, competition._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Rothbard, Murray N. | Imperfect Competition | Rothbard, Murray N. | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-03-09 | |||
