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प्रश्न
On the basis of given characteristics in the following image Identify the market form?
विकल्प
Perfect competition
Monoplistic competition
Monopoly
Oligopoly
MCQ
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उत्तर
Monoplistic competition
Explanation:
Monopolistic competition is characterized by a large number of sellers providing differentiated (non-identical) products that are close alternatives for one another. Because these products are unique in terms of branding, design, or quality, businesses must expend significant advertising and selling costs in order to attract customers and develop brand loyalty.
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