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Fill in the blank with appropriate alternative given below:In ________ market, seller creates products differentiation.Options competitionperfectpuremonopolistic competition |
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Answer» In monopolistic competition market, seller creates products differentiation. Product differentiation is an important feature of monopolistic competition. It means that the producers in a monopolistic market sell goods that are different from each other; that is, the goods of no two producers will be the same. They may be differentiated in terms of colour, size, fragrance, etc. |
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