Differentiated product is a characterist...

Differentiated product is a characteristic of
`{:((a)"Monopolistic competition only",(b)"Oligopoly only"),((c)"Both oligopoly and monopolistic competition",(d)"Monopoly"):}`

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Monopolistic competition consitutes:

Single firm producing close subsitues

Many firms producing close substitiutes

Many firm producing differentiated substitutes

Few firms producing differentiated substitutes

more elastic as compared to monopoly

unitary elastic

perfectly elastic

perfectly inelastic.

Few firms selling differentiated products

Large number of firms selling differentiated products

Large number of firms selling homogeneous product

Few firma selling a homogeneous product