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Indian Economy - Understanding the basics of Indian economic system
The major difference between perfect competition and monopolistic competition is
Number of firms
Differentiated product
Rate of profit
Free exit and entry
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.
By: honey kaundal ProfileResourcesReport error
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