As the degree of product differentiation increases among the products sold in a monopolistically competitive industry, each seller's demand becomes more inelastic. This is because products now no longer have close substitutes so demand becomes more inelastic.
Evaluate the following statements regarding the ‘ Dustlik 2024 ’ joint military exercise between India and Uzbekistan :
I . The exercise aims...
Jindal Steel and Power (JSP) signed an agreement with which clean energy provider firm for the supply of 1,000 MW of green power for its steel-making op...
Recently Jeff Bezos announced that Andy Jessy is going to take over as CEO of Amazon from___?
Which country plans to rejoin UNESCO and pay more than $600m in back dues after a decade-long dispute?
Which of the following is another name for 'white ant'?
Which Indian state reported cases of West Nile fever in 2024?
The first service of the theme-based Bharat Gaurav Train started its journey from Coimbatore North to which place?
What is the name of the Indian Navy's Landing Ship Tank amphibious assault ship that was recently decommissioned after 36 years of service to the nation...
What is the theme of the 13th National Seed Congress held in Uttar Pradesh?
Consider the following statements about SAMAR System:
1. Indian Navy has successfully test fired the 'SAMAR' missile system recently....