Under monopolistic competition,product differentiation is a key to success.

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In monopolistic competition, firms compete by making their products different from their rivals. This differentiation can be in terms of quality, design, packaging, advertising or any other features that are valued by consumers. This is done to create a unique brand identity for their products and to attract loyal customers. Therefore, product differentiation is a key factor to success in monopolistic competition.

Under Monopolistic Competition,product Differentiation Is a Key to Success