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Market Equilibrium — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMarket Equilibrium1 Mark
MCQ
Differentiated but close substitutes exist under:
  • A
    Perfect competition.
  • B
    Monopoly.
  • ✓
    Monopolistic competition.
  • D
    All of the above.
✓

Answer

Correct option: C.
Monopolistic competition.

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