GK
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Monopolistic competition has features of
|
|
Monopoly but not competition
|
|
|
Monopoly and competition with features of monopoly predominating
|
|
|
Monopoly and competition, with features of competition predominating
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -Large Number of Buyers and Sellers. Free Entry and Exit of Firms. Product Differentiation. Selling Costs. Lack of Perfect Knowledge. Less Mobility. More Elastic Demand.
There is 1 question to complete.