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.
Monopoly Graph. 1  A Monopolist is a price maker because he does not face any competitors. 2  Therefore demand is price inelastic. 3  A monopolist will seek to maximise profits by setting output where MR = MC. 4  This will be at output Qm and Price Pm. 5  If the market was competitive the price would be lower and output higher.