(ix)
means absence of competition.
(A) Perfect Competition (B) Monopoly
(C) Imperfect Competition (D) Discrimination
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Answer:imperfect competition
Explanation:
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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.
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