Question

(ix)
means absence of competition.
(A) Perfect Competition (B) Monopoly
(C) Imperfect Competition (D) Discrimination​

Answer 1

Answer:imperfect competition

Explanation:

Answer 2

Monopoly means the absence of competition.

• A monopoly is a market type where there is only one seller who dominates the majority of the market share.
• This type of market does not have competition as there is no other seller that can compete with the monopoly seller.
• An example of Monopoly is The Indian Railway (IRCTC).

The answer is(B) Monopoly.