Some examples of markets based on monopolistic competition include restaurants, clothing stores, service businesses like auto mechanics, and convenience stores. Monopolistic competition is one ...

One example of natural monopolistic markets is in the railroad industry. Because there are significant barriers to entry, it's easier for companies to historically have less competition.

Antitrust laws, for example, are designed to prevent monopolistic practices and promote competitive markets. These ...

An example of perfect competition would be forest products. Monopolistic competition happens when there are many competitors for services or goods that are slightly differentiated. One example of ...