Question

Which
type of imperfect competition has many sellers producing highly differentiated goods?
(A) Monopoly
(B) Oligopoly
(C) Monopolistic competition
(D) Monopsony​

Answer 1

MONOPOLISTIC COMPETITION (C)

THIS IS TYPE OF NEGLIGIBLE COMPETITION WHERE THEY SELL COMPLETELY OPPOSITE DIFFERENT NATURE GOODS SO SAME GOODS ARE NOT REPEATED THUS NEGLIGIBLE COMPETITION AMONG DIFFERENT DIFFERENT SELLERS

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