product differentiation is the corner stone of what?
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Monopolistic Competition is a market structure in which there is a large number of sellers in the market of a commodity, but the product of each seller differs in some respect from the product of the other sellers. Thus, product differentiation is the cornerstone of Monopolistic Competition.
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Monopolistic Competition is a market structure in which there is a large number of sellers in the market of a commodity, but the product of each seller differs in some respect from the product of the other sellers. Thus, product differentiation is the cornerstone of Monopolistic Competition.
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