Maharashtra State BoardHSC Arts 12th Board Exam
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State Whether the Following Statements Are True Or False: There is No Price Discrimination in the Monopolistic Competition. - Economics

State Whether the following statements are TRUE or FALSE: 

There is no price discrimination in the monopolistic competition. 

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Solution

 True, ​there is no price discrimination in the monopolistic competition.
Explanation:
In monopolistic competition, ​there is no price discrimination, rather, there is product differenciation in the market. Price discrimination is a feature of monopoly market.

Concept: Meaning and Features of Market
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