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प्रश्न
Which feature best distinguishes monopolistic competition from perfect competition?
विकल्प
Single seller in the market
Homogeneous product
A few large firms dominate the market
Differentiated products that are close substitutes
MCQ
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उत्तर
Differentiated products that are close substitutes
Explanation:
In monopolistic competition, many firms sell differentiated products that are close substitutes, giving each firm some control over price.
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