[Solved] Product differentiation is the most important feature of -

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Q.	Product differentiation is the most important feature of -
A.	Pure competition
B.	monopolistic competition
C.	monopoly
D.	oligopoly
Answer» B. monopolistic competition
Explanation: There are six characteristics of monopolistic com-petition (MC): (1) Product differentiation; (2) many firms; (3) Free entry and exit in the long run; (4) Independent decision making; (e) market power; and (0 Buyers and Sellers do not. have perfect information.

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