Product variety is likely to be greater in

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Monopolistic competition is characterized by differentiated products, which means that firms can differentiate their products from competitors to attract customers. Therefore, firms in monopolistic competition tend to offer greater product variety to differentiate themselves and gain a competitive edge. In pure competition, all firms offer identical products, so there is no opportunity for product differentiation. Homogeneous oligopoly also consists of identical products, while differentiated oligopoly may have some product differentiation but tends to have less variety than monopolistic competition.

Product Variety Is Likely to Be Greater in