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Difference between Monopoly and Monopolistic market

Some of the difference between monopoly and monopolistic market are as follows. So let us check it out some information on monopoly to know more about monopoly.

  1. In Monopoly market there is only one producer of a product while in monopolistic market there are large number of producers.
  2. In monopoly market there is no difference between industry and firm and in monopolistic market there are many firms and the industry is called a group.
  3. In monopoly market there is no product differentiation while in monopolistic market every producer produces differentiated products.
  4. Also check out some advantages & disadvantages of Monopoly to learn more about monopoly.

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