独どく占せん的てき競きょう争そう

noun

monopolistic competition

Economics term for a market structure where many firms sell differentiated products and have some control over pricing.

• 独どく占せん的てき競きょう争そうの市し場じょうでは、各かく企き業ぎょうが製せい品ひんの差さ別べつ化かを図はかる。

  In a market of monopolistic competition, each firm tries to differentiate its products.