{"id":2475,"date":"2015-06-23T22:46:29","date_gmt":"2015-06-23T22:46:29","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymicro1xngcxmaster\/?post_type=chapter&p=2475"},"modified":"2016-07-15T23:12:34","modified_gmt":"2016-07-15T23:12:34","slug":"glossary-monopolistic-competition","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/atd-herkimer-microeconomics\/chapter\/glossary-monopolistic-competition\/","title":{"raw":"Glossary: Monopolistic Competition","rendered":"Glossary: Monopolistic Competition"},"content":{"raw":"
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<\/div>\r\n
\r\n \t
differentiated product<\/dt>\r\n \t
a product that is perceived by consumers as distinctive in some way<\/dd>\r\n \t
imperfectly competitive<\/dt>\r\n \t
firms and organizations that fall between the extremes of monopoly and perfect competition<\/dd>\r\n \t
monopolistic competition<\/dt>\r\n \t
many firms competing to sell similar but differentiated products<\/dd>\r\n \t
oligopoly<\/dt>\r\n \t
when a few large firms have all or most of the sales in an industry<\/dd>\r\n<\/dl>\r\n<\/div>","rendered":"
\n
<\/div>\n
\n
differentiated product<\/dt>\n
a product that is perceived by consumers as distinctive in some way<\/dd>\n
imperfectly competitive<\/dt>\n
firms and organizations that fall between the extremes of monopoly and perfect competition<\/dd>\n
monopolistic competition<\/dt>\n
many firms competing to sell similar but differentiated products<\/dd>\n
oligopoly<\/dt>\n
when a few large firms have all or most of the sales in an industry<\/dd>\n<\/dl>\n<\/div>\n\n\t\t\t
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Candela Citations<\/h3>\n\t\t\t\t\t
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CC licensed content, Shared previously<\/div>