In one to two sentences, identify one way monopolistic competition and monopoly market structures are the same and one way they are different

2 answers

Monopolistic competition and monopoly market structures are both characterized by a lack of perfect competition, with firms having some degree of market power. However, they differ in that monopolistic competition features many firms competing on the basis of differentiated products, while a monopoly consists of a single firm controlling the entire market.
put it in a more simpliar way