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प्रश्न
Which of the following is a real-life example of monopolistic competition?
विकल्प
A government electricity company
A single railway company in a region
Different brands of toothpaste like Colgate, Babool, and Dant Kanti
A single farmer selling wheat in a large market
MCQ
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उत्तर
Different brands of toothpaste like Colgate, Babool, and Dant Kanti
Explanation:
There are many toothpaste brands; each has its own brand image and features, but they are close substitutes, which reflects monopolistic competition.
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