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1. In India, automobiles are produced by 3 companies Ford, Hyundai and Renault. 2. Soap industry in India includes many markers such as Lux, Dove, Pears, Lifebuoy nad the like. 3. India Railways is the only long distance mode of transportation on land. |
Answer» 2. Since there are a number of producers and product differentiation EXISTS, it is monopolistic competition. 3. Since it is a single suplier of this product and there are no close substitutes, it is a monopoly. |
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