Question

xii.
Assertion (A): Product differentiation is the main feature of monopolistic competition.
Reasoning (R): Under monopolistic competition, all the products are perfect substitutes to
each other.
Options: 1) (A) is True but (R) is False
2) (A) is False but (R) is True
3) Both (A) and (R) are True and (R) is the correct explanation of (A)
4) Both (A) and (R) are Tre and (R) is not the correct explanation of (A)​

Answer 1

Answer:

option 3 is correct

Explanation:

Both A and R are true and R is the correct explanation of A