Business Economics

1:

Imperfect competition arises when

A.

There is imperfect rivalry among competitors

B.
There are unexplainable imperfections in the market
C.

Competition does not exist

D.
Product variation, ignorance of consumers and distance and transport costs lead to imperfections in the competitive
market which operates on certain assumptions.
 

Answer : D

Explanation :

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Option: A

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