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Question
Which of the following is the least competitive market?
Options
Farming
Indian Railways
Air India
Mcdonald's
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Solution
Indian Railways
Explanation:
Indian Railways runs as a monopoly, with just one provider of train services in the country, making it the least competitive market. Unlike farming, Air India, and McDonald's, which compete in their own marketplaces, Indian Railways has no direct competitors in the rail transit industry.
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