Provide the product of the following reaction. 
Definitions:
Perfect Competition
A market structure characterized by many firms, freedom of entry and exit, homogeneous products, and perfect knowledge, leading to price taking behavior.
Monopolistic Competition
A market structure where many firms sell products that are similar but not identical, leading to competition based on quality, price, and marketing.
Identical Cost Curves
A theoretical situation where firms in a market have the same costs of production for producing any level of output.
Profit-Maximizing Level
the output quantity at which a firm achieves the highest possible profit, where marginal revenue equals marginal cost.
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