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Non-Competitive Markets — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsNon-Competitive Markets1 Mark
MCQ
Monopolistic competition differs from perfect competition primarily because:
  • ✓
    In monopolistic competition firms can differentiate their products.
  • B
    In perfect competition firms can differentiate their products.
  • C
    In monopolistic competition entry into the industry is blocked.
  • D
    In monopolistic competition there are relatively few barriers to entry.
✓

Answer

Correct option: A.
In monopolistic competition firms can differentiate their products.

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