In business, competition and monopoly lie at opposite ends of the spectrum. Monopolistic competition sits somewhere between them. It's a situation where you have competitors, but you're distinctive ...
Explore the main factors affecting competition in microeconomics, including product differentiation, barriers to entry, and the role of market structures.
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Monopolistic competition features many businesses offering similar, differentiated products. This market structure benefits both consumers with varied choices and businesses via low entry barriers.
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