Question
As the degree of product differentiation increases among
the products sold in a monopolistically competitive industry, which of the following occurs?Solution
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.
What is the total land area of the Lakshadweep islands?
M1 is defined as:
Who is credited with coining the term "Gene"?
How many states in India's northeast share a border with Myanmar?
Account Receivable Turnover ratio is calculated by
Money loaned by a bank or other institution which is repayable on demand is known as _________.
In a year _________ sessions of Lok Sabha are normally held.
Which of the following is NOT a characteristic of Nagara-style temple architecture?
Nuclear explosives devices were tested in India at-
Which exchange became the first one to allow trading in bitcoin
