Monopolistic competition is very similar to perfect competition, though the firm has a small amount of market power. The oligopoly is very similar to the monopoly, though the firm does have a few competitors and the rivalry among those firms leads to an interdependent relationship among firms.he same is true for monopolistic competition; the ease of entry and exit extends to the monopolistically competitive market. Short-Run ProfitILoss and Long-Run Equilibrium for Monopolistic Competition When a monopolistic competitor enjoys a short-run economic profit, new firms are drawn into the industry.
The difference between horizontal analysis and vertical analysis is that vertical analysis involves listing each item on a company's financial statement as a separate column. For example, in vertical analysis, cost of goods sold (COGS) and gross margin are typically listed as a percentage of sales.
STEEP analysis is a similar strategic tool. STEEPLE and STEEP are almost identical versions of each other. Their common goal is to define strategies for the future or to understand the market. The best way to separate STEEPLE from STEEP is to say that it is a modified version.TEEP analysis is a similar strategic tool. STEEPLE and STEEP are almost identical versions of each other. Their common goal is to define strategies for the future or to understand the market. The best way to separate STEEPLE from STEEP is to say that it is a modified version.