Imperfect competition

(economics) the market situation that exists when one or more of the necessary conditions for perfect competition do not hold

any of several market situations in which individual producers or consumers still exercise some control over prices, e.g. monopoly, oligopoly, monopsony, or oligopsony


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    [im-pli-kuh-cher] noun, Philosophy, Linguistics. 1. potential inference that is not logical entailment. /ɪmˈplɪkətʃə/ noun (logic, philosophy) 1. a proposition inferred from the circumstances of utterances of another proposition rather than from its literal meaning, as when an academic referee writes the candidate’s handwriting is excellent to convey that he has nothing relevant to commend 2. […]

  • Implicit

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    noun, Mathematics. 1. a method of finding the derivative of an implicit function by taking the derivative of each term with respect to the independent variable while keeping the derivative of the dependent variable with respect to the independent variable in symbolic form and then solving for that derivative.

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    noun, Mathematics. 1. See at (def 4).

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