📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    ⚡ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚡
    00:00:00 AM Left

    Question

    Monopoly and Oligopoly are the examples of?

    A Perfect competition Correct Answer Incorrect Answer
    B Imperfect competition Correct Answer Incorrect Answer
    C Regulated market Correct Answer Incorrect Answer
    D Pure competition Correct Answer Incorrect Answer

    Solution

    Imperfect competition refers to a situation where the characteristics of an economic market do not fulfil all the necessary conditions of a perfectly competitive. There are FOUR broad market structures that result in Imperfect Competition.

    Practice Next
    ask-question