πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      A market in which there are large numbers of sellers of

      a particular product, but each seller sells somewhat differentiated but close products is termed as:
      A Perfect competition Correct Answer Incorrect Answer
      B Monopoly Correct Answer Incorrect Answer
      C Monopolistic competition Correct Answer Incorrect Answer
      D Oligopoly Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Monopolistic competition is a form of market in which there are large numbers of sellers of a particular product but each seller sells somewhat differentiated but close products.

      Practice Next
      ask-question