Monopoly and monopolistic competition are two market structures that fall under the category of imperfect competition. Here are the key differences between the two:
### 1. **Number of Sellers**
- **Monopoly**: In a monopoly, there is only one seller or producer in the market. This singular entity dominates the entire supply of a product or service, allowing it to control prices.
- **Monopolistic Competition**: In monopolistic competition,


