"product discrimination is the main characteristics of monopolistic competition" prove this ?
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Answer:
that I don't know but oppose discrimination
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Monopolistic Competition
Explanation
Yes this is true that in monopolistic market product discrimination is the main point because
- While differentiating your product only you can survive in the market .
- Having so many competitors it's you who have to chose the best selling strategy for your product or how to make it different from others with respect to size ,colour, price etc.
- Once your strategy works out you can adjust your product's price as your own without hesitating.
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