the market situation that exists when one or more of the necessary conditions for perfect competition do not hold
Examples of 'imperfect competition' in a sentence
imperfect competition
In these models, firms earn economic rents due to imperfect competition and/or other market frictions.
Kenneth J. McKenzie, Ergete Ferede 2017, 'The Incidence of the Corporate Income Tax on Wages: Evidence from Canadian Provinces',The School of Public Policy Publicationshttps://www.policyschool.ca/wp-content/uploads/2017/04/Incidence-CIT-on-Wages-McKenzie-Ferede.pdf. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
The results suggest that the welfare impacts are larger when economies of scale and imperfect competition are modeled.
Angelo Costa Gurgel, Antônio Carvalho Campos 2006, 'Avaliação de políticas comerciais em modelos de equilíbrio geral com pressuposiçõesalternativas quanto aos retornos de escala', Estudos Econômicoshttp://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612006000200006. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)