Question
A market situation when firms sell similar but not
identical products is termed as?Solution
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes. In other words, large sellers selling the products that are similar, but not identical and compete with each other on other factors besides price.
Which constitutional provision allows Parliament to legislate on a State List matter when two or more States request Parliament to do so?
Select the correct pairing of Section and its title as per the Code of Criminal Procedure, 1973.
Section 39 of the Bharatiya Nyaya Sanhita, 2023, provides for which of the following?
"Central recordkeeping agency" means an agency ____________
‘P’ in WTO Agreement SPS stands for
Retention of seized property is provided under which section?Â
Under the Protection of Women from Domestic Violence Act, 2005, which of the following statement regarding Protection Officer, is correct?
Under the Bharatiya Sakshaya Adhiniyam, when does the Court presume the genuineness of an electronic or digital record?
If a partner earns some profit for himself from the business of the firm?
A website operator published an article containing sexually explicit content involving a minor. The article was accessed by over 50,000 users. Under the...
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