Advertisements
Advertisements
प्रश्न
On the basis of given characteristics in the following image Identify the market form?
पर्याय
Perfect competition
Monoplistic competition
Monopoly
Oligopoly
MCQ
Advertisements
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.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
