Imperfect competition arises when
A. | There is imperfect rivalry among competitors |
B. |
There are unexplainable imperfections in the market
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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.
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Answer : D Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |