monopolistic competition

24 LETTERS · STARTS WITH M

monopolistic competition is a valid 24-letter word worth 35 points in Scrabble and 44 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS

M3O1N1O1P3O1L1I1S1T1I1C3C3O1M3P3E1T1I1T1I1O1N1

3 + 1 + 1 + 1 + 3 + 1 + 1 + 1 + 1 + 1 + 1 + 3 + 0 + 3 + 1 + 3 + 3 + 1 + 1 + 1 + 1 + 1 + 1 + 1 =35 PTS

DOUBLE WORD → 70TRIPLE WORD → 105

MEANING

What does monopolistic competition mean?