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Which Market Structure Is Characterised by the Following Characteristics? I

Question 31

Multiple Choice

Which market structure is characterised by the following characteristics? i. A large number of firms compete.
Ii) Each firm produces a differentiated product.
Iii) Firms are free to enter and exit.


A) Monopolistic competition
B) Monopoly
C) Duopoly
D) Oligopoly
E) Perfect competition

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