monopolistic competition
a market situation in which there are many sellers and many buyers of products which can be differentiated on price and other features, see oligopolistic competition, pure competition, and pure monopoly
monopoly ...
See Monopolistic Competition; Pure Competition; Pure Monopoly. Oligopoly a market situation in which there are only a few sellers; in an oligoplistic situation the marketing action of one firm will have a direct effect on the others.
 See also: Cycle, Attribute, Marketing, Advertising, Motive
  
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