The major similarity between monopolistic competition and perfect competition is

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Both monopolistic competition and perfect competition assume the presence of many buyers and sellers in the market. However, they differ in terms of product differentiation, shape of the demand curve, and the ability to influence prices. In monopolistic competition, products are differentiated and firms have some degree of market power, while in perfect competition, products are homogeneous and firms are price takers. The other options mentioned are not similarities between these two market structures.

The Major Similarity Between Monopolistic Competition and Perfect Competition Is