Like a monopoly, a monopolistically competitive firm faces a downward sloping demand curve. Even though the product of a monopolistically competitive faces competition from many similar brands, there are differences in the brands, either actual or perceived. Consider corn flakes.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.
Collegiate Professional License: A five-year, renewable license available to an individual who has satisfied all requirements for licensure, including an earned undergraduate degree from a regionally accredited college or university and the professional teacher's assessments prescribed by the Board of Education.
Professional engineers subscribe to a strict code of ethics and practice standards. The practice of the profession is regulated by Professional Engineers Ontario. In Canada, the title professional engineer is restricted by law. In Ontario, only those individuals who have demonstrated that they possess the necessary qualifications and have been licensed by PEO can use the title, which is often abbreviated as P.Eng..