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Which of the following is not a characteristic of monopolistic competition?
Auto Repair Shops
Businesses specialized in repairing and maintaining vehicles, including cars, trucks, and motorcycles.
Product
Anything provided to a market to fulfill a desire or requirement, encompassing tangible products, services, experiences, occasions, individuals, locations, real estate, entities, data, and concepts.
Existing Product
A good or service that is currently available in the market and has been introduced to consumers previously.
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