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    5. The cross elasticity of demand between two products is infinite, in case of:

    Question

    The cross elasticity of demand between two products is

    infinite, in case of:
    A Monopoly Correct Answer Incorrect Answer
    B Oligopoly slope Correct Answer Incorrect Answer
    C Monopolistic Correct Answer Incorrect Answer
    D Perfect competition Correct Answer Incorrect Answer

    Solution

    In perfect competition, the cross elasticity of demand for two products is infinite.

    Practice Next
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