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InterviewSolution
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The major difference between perfect competition and monopolistic competition is |
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Answer» Differentiated product 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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