- differentiated product
- a product that is perceived by consumers as distinctive in some way
- imperfectly competitive
- firms and organizations that fall between the extremes of monopoly and perfect competition
- monopolistic competition
- many firms competing to sell similar but differentiated products
- oligopoly
- when a few large firms have all or most of the sales in an industry
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- Principles of Microeconomics Chapter 10.2 Glossary. Authored by: OpenStax College. Located at: http://cnx.org/contents/ea2f225e-6063-41ca-bcd8-36482e15ef65@10.31:24/Microeconomics. License: CC BY: Attribution. License Terms: Download for free at http://cnx.org/content/col11627/latest