What is the main characteristic that sets monopolistic competition apart from perfect competition?

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In monopolistic competition, new firms are prevented from entering the market.Monopolistic competition features minimal obstacles for new businesses to join the market.Firms in monopolistic competition offer products that are distinct from one another.In perfect competition, companies sell products that are unique and varied.Monopolistic competition involves only a few firms dominating the market.

Explanation

The key difference is that in monopolistic competition, companies have the ability to differentiate their products, unlike perfect competition where products are identical and firms are price takers.