imperfect competition

noun

Definition of imperfect competition

: competition among sellers of inhomogeneous products in which the sellers are sufficiently few in number so that each exerts an influence upon the market : limited competition

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Cite this Entry

“Imperfect competition.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/imperfect%20competition. Accessed 19 Oct. 2021.

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