Unlike perfect competition, monopolistic markets allow for some degree of product differentiation as the company does have 100% control over the market. Article Sources Investopedia requires ...

Investopedia / Julie Bang A monopolistic ... Market As with the model of perfect competition, the model for a monopolistic competition is difficult or impossible to replicate in the real economy.

A monopolistic market has no competition, meaning the monopolist ... will be higher than net income or profit. Article Sources Investopedia requires writers to use primary sources to support ...

Monopolistic competition has many sellers offering slightly different products, enhancing consumer choices. Markets with monopolistic competition are considered advantageous for both businesses ...