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One difference between perfect competition and monopolistic competition is that:

Question:

One difference between perfect competition and monopolistic competition is that:

A.

In perfect competition, the products are slightly differentiated between firms

B.

There are a larger number of firms in monopolistic competition

C.

There are a smaller number of firms in perfectly competitive industries

D.

Firms in monopolistic competition have some degree of market power

Answer» d. Firms in monopolistic competition have some degree of market power

Note: The above multiple-choice question is for all general and Competitive Exams in India