Adverb
monopolistically (comparative more monopolistically, superlative most monopolistically)
In a monopolistic manner.
In a monopolistically competitive market, the consumer must collect and process information on a large number of different brands to be able to select the best of them. Source: Internet
Problems Monopolistically competitive firms are inefficient, it is usually the case that the costs of regulating prices for products sold in monopolistic competition exceed the benefits of such regulation. Source: Internet
Monopolistically competitive markets are also allocatively inefficient, as the price given is higher than Marginal cost. Source: Internet
Monopolistically competitive markets have the following characteristics: *There are many producers and many consumers in the market, and no business has total control over the market price. Source: Internet
The motivation behind this kink is the idea that in an oligopolistic or monopolistically competitive market, firms will not raise their prices because even a small price increase will lose many customers. Source: Internet
There are unique information and information processing costs associated with selecting a brand in a monopolistically competitive environment. Source: Internet