Monopolistic competition
This is the current revision of Monopolistic competition as edited by JPohl (talk | contribs) at 14:01, June 20, 2008. This URL is a permanent link to this version of this page.
Monopolistic competition is a market structure that has a large number of firms producing similar, but not identical, products. Because the products are not identical, each firm has a kind of monopoly. This market also assumes relatively easy entry into it.