How does monopolistic competition differ from perfect competition?
There are more sellers in a market characterized by monopolistic competition.
It is easier for sellers to enter a market/industry characterized by monopolistic competition.
In a perfectly competitive market, it is easier to make a profit.
In a market characterized by monopolistic competition, individual firms have more control over price.
In monopolistic competition, small producers have a harder time making a profit.

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The Answer of How does monopolistic competition differ from perfect competition?
There are more sellers in a market characterized by monopolistic competition.
It is easier for sellers to enter a market/industry characterized by monopolistic competition.
In a perfectly competitive market, it is easier to make a profit.
In a market characterized by monopolistic competition, individual firms have more control over price.
In monopolistic competition, small producers have a harder time making a profit.

How Does Monopolistic Competition Differ from Perfect Competition