Product differentiation is a distinguishing feature of which form of market ........

Economics (CUET) Market Equilirium

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Product differentiation is a distinguishing feature of which form of market?

Perfect competition

Monopoly

Oligopoly

Monopolistic competition

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Explanation:

Option (4) is correct.
Explanation: Characteristics of Monopolistic Competition:
(i) Large number of firms,
(ii) Product differentiation,
(iii) Free entry and exit of firms,
(iv) Selling Cost,
(v) Non-price competition,
(vi) Sales techniques,
(vii) Absence of collective action,
(viii) Consumer's attachment,
(ix) Price policy of a firm,
(x) Lack of perfect knowledge.