Chamberlinian monopolistic competition

In Chamberlinian monopolistic competition every one of the firms have some monopoly power, but entry drives monopoly profits to zero.[1] The concept gets its name from Edward Chamberlin.

  1. ^ Brakman, Steven (2004). The Monopolistic Competition Revolution in Retrospect. Cambridge, United Kingdom: Cambridge University Press. p. 16. ISBN 978-0-521-81991-6.