Discover how monopolistic markets like utilities function in the U.S. Learn about the historical and modern monopolies that ...

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

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Westend61/Getty Images In perfect competition, the market structure is controlled entirely ...

First used in the 1930s by economists Edward Chamberlin and Joan Robinson, the term "monopolistic competition" refers to a market structure in which many businesses provide a product or service, but ...