workable competition

workable competition definition - business

workable competition

A market structure that results in efficient production without achieving the strict standards of perfect competition. The concept of workable competition is often applied by governmental authorities in guiding regulatory policy for oligopolies in energy and communications.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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