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प्रश्न
State whether the following statements are True or False with reason:
No monopolistic competition is found in real life.
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उत्तर
False, monopolistic competition is found in real life.
Explanation:
Monopolistic competition is a type of a market which is realistic in nature. Its features are found to exist in real life as well such as free entry and exit of consumers and sellers, close substitutes, product differentiation. etc.
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