Characteristics shared by monopolistically competitive and monopoly markets alike include:

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Both monopolistically competitive and monopoly markets have firms facing a downward-sloping demand curve, meaning that as the firm increases its price, the quantity demanded decreases. Additionally, both markets can potentially have some degree of market power, with monopolistic competition having some ability to differentiate their products and monopolies having complete control over the market. However, there are some key differences between the two markets, such as the presence of many sellers in monopolistic competition versus a single seller in monopoly, and the presence of significant barriers to entry in monopoly versus relatively insignificant barriers in monopolistic competition.

Characteristics Shared by Monopolistically Competitive and Monopoly Markets Alike Include