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IMPERFECT COMPETITION

Markets or industries with two or more sellers and buyers that fail to match the criteria of perfect competition. The most noted examples of imperfect competition are the two market structures with selling-side control--monopolistic competition and oligopoly. Lesser known market structures with buying-side control--monopsonistic competition and oligopsony--are also considered as imperfect competition. Facing no competition, monopoly and monopsony are not included. Most real world markets can be considered imperfect competition.

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APLS

ORANGE REBELOON
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Today, you are likely to spend a great deal of time at a dollar discount store seeking to buy either a how-to book on building remote controlled airplanes or an extra large beach blanket. Be on the lookout for broken fingernail clippers.
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A U.S. dime has 118 groves around its edge, one fewer than a U.S. quarter.
"Always make a total effort, even when the odds are against you."

-- Arnold Palmer

TIAC
Thrift Institutions Advisory Council
A PEDestrian's Guide
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