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.
Through the Professional Engineers Act, Professional Engineers Ontario governs licence and certificate holders and regulates professional engineering in Ontario to serve and protect the public. Established on June 14, 1922, Professional Engineers Ontario (PEO) is the licensing and regulating body for engineering in the province. It fulfills the same role for engineers as the College of Physicians and Surgeons for doctors or the Law Society of Upper Canada for lawyers.