Business Economics

1: Consider the following 1. Large number of buyers and sellers 2. Firms produce differentiated products 3. Free entry and exit of firms 4. Perfect knowledge abouttechnology. Which of the above are the characteristics of monopolistic competition?
A.

1 and 3

B.

2 and 3

C.

2,3 and 4

D.

1,2,3 and 4

 

Answer : D

Explanation :

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Option: A

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