Under which market conditions “products of the sellers are differentiated yet they are close substitutes of each other” ? (a) Monopolistic Competition (b) Monopoly (c) Perfect Competition (d) None of the above

Under which market conditions “products of the sellers are differentiated yet they are close
substitutes of each other” ?
(a) Monopolistic Competition
(b) Monopoly
(c) Perfect Competition
(d) None of the above
by

1 Answer

Answer :

(b) Monopoly
by

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