monopolistic competition

noun

: competition that is used among sellers whose products are similar but not identical and that takes the form of product differentiation and advertising with less emphasis upon price compare imperfect competition

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now