Main article: List of John McCain presidential campaign staff members, 2008. On July 2, 2008, Steve Schmidt was given full operational control of McCain's campaign. Schmidt had managed Arnold Schwarzenegger's 2006 re-election and was a top Dick Cheney aide.
Monopolistic competition. The model of monopolistic competition describes a common market structure in which firms have many competitors, but each one sells a slightly different product.
Â· There is a complete negation of competition. Â· Monopolist is a price maker. Â· Since there is a single firm, the firm and industry are one and same i.e. firm coincides the industry. Â· Monopoly firm faces downward sloping demand curve. It means he can sell more at lower price and vice versa.Therefore, elasticity of demand factor is very important for him. There is a complete negation of competition. Â· Monopolist is a price maker. Â· Since there is a single firm, the firm and industry are one and same i.e. firm coincides the industry. Â· Monopoly firm faces downward sloping demand curve. It means he can sell more at lower price and vice versa.