Question:medium

Which of the following are the features of monopolistic competition? A. Large number of buyers and sellers
B. Product differentiation
C. Free entry and exit of firms
D. Homogeneous products
E. Selling costs

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Logic Tip: Product differentiation is the key feature distinguishing monopolistic competition from perfect competition.

Updated On: May 29, 2026

A, B, C and E only
A, C and D only
B, C, D and E only
A, B, D and E only

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The Correct Option is A

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