We present a detailed study of the properties of the phase transition
in the four-dimensional compact U(1) lattice gauge theory supplemented
by a monopole term, for values of the monopole coupling lambda such t
hat the transition is of second order. By a finite size analysis we sh
ow that at lambda = 0.9 the critical exponent is already characteristi
c of a second-order transition. Moreover, we find that this exponent i
s definitely different from the one of the Gaussian case. We further o
bserve that the monopole density becomes approximately constant in the
second-order region. Finally we reveal the unexpected phenomenon that
the phase transition persists up to very large values of lambda, wher
e the transition moves to (large) negative beta.