The distinction between perfect competition and monoplistic competition is that the latter is characterized by
a
a single market price
b
many buyers and sellers
c
product differentiation
d
homogeneity of product
Explanation
Correct Option
cNo explanation available
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Discussions (4)
mimirocks
5 years ago
The answer is D. There is no product differentiation in perfect competition. Please review
Deepthinker581
4 years ago
The answer is correct
C
because.............
A perfect competitive market has homogeneity product while the later has a slight difference in their products
