monopolistic price
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Monopolistic competition in international trade — Monopolistic competition models are used under the rubric of imperfect competition in International Economics. This model is a derivative of the monopolistic competition model that is part of basic economics. Here it is tailored to international… … Wikipedia
monopolistic — mo‧nop‧o‧lis‧tic [məˌnɒpəˈlɪstɪk◂ ǁ məˌnɑː ] adjective ECONOMICS controlling or trying to control an industry or business activity completely by not allowing other companies to compete fairly: • monopolistic market conditions • Unfair… … Financial and business terms
Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… … Wikipedia
Monopolistic competition — Short run equilibrium of the firm under monopolistic competition. The firm maximizes its profits and produces a quantity where the firm s marginal revenue (MR) is equal to its marginal cost (MC). The firm is able to collect a price based on the… … Wikipedia
Price Maker — A monopoly or a firm within monopolistic competition that has the power to influence the price it charges as the good it produces does not have perfect substitutes. A monopoly is a price maker as it holds a large amount of power over the price it … Investment dictionary
Monopolistic Market — A type of market that features one, if not all, of the traits of a monopoly such as high price levels, supply constraints, or excessive barriers to entry. Because this type of market would be comprised of one supplying firm, consumers would have… … Investment dictionary
price system — ▪ economics Introduction a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication … Universalium
Monopolistic Competition — A type of competition within an industry where: 1. All firms produce similar yet not perfectly substitutable products. 2. All firms are able to enter the industry if the profits are attractive. 3. All firms are profit maximizers. 4. All firms… … Investment dictionary
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 * * * monopolistic… … Useful english dictionary
Non-price competition — is a marketing strategy in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship (McConnell Brue, 2002, p. 43.7 43.8). The firm can also distinguish its product… … Wikipedia
Economy of Nazi Germany — World War I and the subsequent Treaty of Versailles with its severe reparations imposed on Germany led to a decade of economic woes, including hyperinflation in the mid 1920s. Following the Wall Street Crash of 1929, the German economy, like many … Wikipedia
