Examlex
Which of the following is true for perfect competition but not true for monopolistic competition and monopoly?
Necessities
Essential goods or services required for basic living and sustaining human life, often including food, water, shelter, and clothing.
Technology
Inventions or innovations from applied science or engineering research.
Applied Science
The discipline of applying existing scientific knowledge to develop more practical applications, such as technology or inventions.
Engineering Research
The systematic inquiry aimed at discovering new knowledge or applying existing knowledge in a new way, particularly in the field of engineering.
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