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.
A firm in monopolistic competition can earn economic profit in the long run, however, a firm in perfect competition cannot. (T/F) 4. Monopolies and firms in monopolistic competition are price takers. (T/F) 5.