Outrageously Funny Word Dictionary :: Nonmonopolistic

👉 Non-monopolistic refers to a market structure in which there is no dominant or powerful player that has an undue influence over the other players. In this context, it means that there are no barriers to entry or exit that prevent new firms from entering the market. Instead, existing firms have limited resources and cannot compete effectively with new entrants. Non-monopolistic markets can be characterized as having high barriers of entry (OPL), low barriers of entry (LOBE), and a relatively small number

nonmonopolistic