Monopolistic competition features many businesses offering similar, differentiated products. This market structure benefits both consumers with varied choices and businesses via low entry barriers.

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor ...

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 ...