Question

6.
Which market structure is clearly visible in the retail trade?
(a) Monopolistic competition (b) Perfect competition​

Answer 1

Answer:

ans is a) monopolistic competition

Answer 2

Answer:

Option (a) Monopolistic competition is the correct answer.

Explanation:

Many of the markets that consumers experience at the retail level compete independently. Another type of market that is partially competitive is oligopoly. Oligopolistic markets are those that are dominated by a small number of firms.

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