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

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 ...

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 ...