Competitive market

Definitions

A market structure with many buyers and sellers where no single participant has the power to influence prices.

An economic environment characterized by high levels of rivalry among firms, typically leading to lower prices and increased efficiency.

Examples

The company struggled to maintain its profit margins in such a highly competitive market.

Startups often find it difficult to gain traction when entering a competitive market dominated by established giants.

Synonyms

Contestable market Highly contested industry Fiercely rivalrous sector Open market Dynamic marketplace

Antonyms

Monopoly Oligopoly Non-competitive market Protected industry Market with high barriers