Monopolistic competition is a market structure in which ... the market when existing firms are making a profit. The demand curve and the marginal revenue curve then shift. New firms stop entering ...

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

Due to a lack of competition in the ... producer to operate on a lower cost curve than any other producer. The typical political and cultural objection to monopolistic markets is that a monopoly ...