noun
monopolistic competition
Economics term for a market structure where many firms sell differentiated products and have some control over pricing.
独占的競争の市場では、各企業が製品の差別化を図る。
In a market of monopolistic competition, each firm tries to differentiate its products.
Compound of 独占的 (monopolistic) and 競争 (competition), a direct translation of the English economics term 'monopolistic competition'.