Economy, asked by Nadeem5132, 10 months ago

The structure of the cold drink industry ih India is best described as :
(a) Perfectly competitive
(b) Monopolistic
(c) Monopolistically cpmpetitive market earn normal profits
(d) Oligopolistic

Answers

Answered by shailymahi
0

Answer:

c. Monopolistically compitative

Explanation:

The structure of the cold drink industry in India is monopolistically compitative in which there are many firms selling differentiated products!!

Answered by hotelcalifornia
0

The structure of the cold drink industry in India is best described as a monopolistically competitive market.

What are the features of a monopolistic competitive market?

  • In a monopolistic competition market, there is a large number of firms are present in which sellers sell their products according to the needs of the buyers
  • There are free entry and exit of the firm in this market
  • The buyers and the sellers of this market have less knowledge about the product
  • The price of the product is determined by the sellers

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