HDTVs come in two flavors; 720p and 1080p. A 720p set has a resolution of 1280x720 while a 1080p set is 1920x1080. Some panels differ slightly in resolution.
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Small LCD TVs usually have high resolutions like LCD monitors, but larger ones tend to have smaller resolutions, expecting you to use the screen from further away.
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This is generally not true. There are
very few 1080p sets under 40". Today, many sets over 40" are 1080p models, which is the highest HDTV resolution available. Most sets below 40" are 720p and some aren't HD at all (480p).
PC monitors lack tuners, speakers, and multiple inputs (composite, component, HDMI). A PC monitor will most likely be higher resolution than a TV of the same size.