Advertisements
Advertisements
Question
Consumers get a large variety of goods under which of the following market structure:
Options
monopolistic competition
monopoly
perfect competition
oligopoly
MCQ
Advertisements
Solution
Monopolistic competition
Explanation:
Monopolistic competition offers consumers a variety of differentiated products and brands. Monopoly has a single seller, while products under perfect competition are homogeneous.
shaalaa.com
Is there an error in this question or solution?
