Here's how they compare: Imperfect competition can often lead to higher prices and less choices. But, it can also drive ...

Imperfect competition is an economic system that allows competing companies to sell differentiated products, set their own prices, and fight for market share. Imperfect competition exists whenever ...

There may be little to differentiate between the products each crafter or farmer sells, as well as their prices, which are typically set evenly among them. Imperfect competition occurs in a market ...

Despite this, the fact remains that under an environment of imperfect competition, producers can manipulate the market and sell their products and services at a higher price, create artificial ...