Differentiate Monopoly and Monopolistic Competitions – InterviewSolution

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1.	Differentiate Monopoly and Monopolistic Competitions
Answer» In a monopoly market structure, a single PRODUCT is offered by the SELLER and there is extreme product differentiation. On the CONTRARY, in a MONOPOLISTIC competition, as the product offered by DIFFERENT sellers are close substitutes, and so, there is slight product differentiation.

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