In economic theory, imperfect competition is the competitive situation in any market where the conditions necessary for
Fantastic news! We've Found the answer you've been seeking!
Question:
In economic theory, imperfect competition is the competitive situation in any market where the conditions necessary for perfect competition are not satisfied. It is a market structure that does not meet the conditions of perfect competition; compare and contrast imperfect competition and perfect competition.
Related Book For
Posted Date: