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प्रश्न
What do you call a market in which both monopoly and competition exist?
लघु उत्तर
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उत्तर
A market where both monopoly and competition exist is called monopolistic competition. In this market, many firms sell similar but slightly different products, giving each some control over price due to product differentiation. However, they still face competition from other firms offering close substitutes. Examples include markets for soaps, clothes, and restaurants.
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