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.
Long Run Pricing and Output for the Monopolistically Competitive Firm. Unlike a monopoly industry, new firms can enter the monopolistically competitive industry. And like a perfectly competitive industry, economic profits attract new firms seeking a share of those profits into the industry.onopolistic Competition and Oligopoly. Characteristics of Monopolistic Competition. We begin our analysis by looking at a model of monopolistic competition. As the name monopolistic competition suggests, the industry shares characteristics of both a perfectly competitive industry and a monopoly.