New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which among the following market structures has the

    highest product differentiation?
    A Monopolistic Correct Answer Incorrect Answer
    B Pure competition Correct Answer Incorrect Answer
    C Oligopoly Correct Answer Incorrect Answer
    D Duopoly Correct Answer Incorrect Answer
    E Monopsony Correct Answer Incorrect Answer

    Solution

    Monopolistic competition involves high product differentiation due to varied products in the market.

    Practice Next