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The major difference between perfect competition and monopolistic competition is

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Economics
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The major difference between perfect competition and monopolistic competition is

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Correct Answer: Option B
The major difference between perfect competition and monopolistic competition is differentiated product. Product differentiation (or simply differentiation) is the process of distinguishing a product or service from others, to make it more attractive to a particular target market. This involves differentiating it from competitors' products as well as a firm's own products.
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