English, asked by kulkarnividya74, 2 months ago

What is the difference between perfect competition and monopolistic competition? *

Perfect competition has a large number of small firms while monopolistic competition does not.
In perfect competition, firms produce identical goods, while in monopolistic competition, firms produce
Perfect competition has no barriers to entry, while monopolistic competition does.
Perfect competition has barriers to entry while monopolistic competition does not.

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Answered by pathaniaayush3

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