Multiple Choice Questions on An industry with a large number of firms differentiated products and free entry and exit is called n........... for 12th Standard Preparation

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Multiple Choice Questions

An industry with a large number of firms differentiated products and free entry and exit is called n...........

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    An industry with a large number of firms, differentiated products, and free entry and exit is called     

    oligopoly.

    Incorrect Answer

    monopoly.

    Incorrect Answer

    monopolistic competition.

    Correct Answer

    perfect competition.

    Incorrect Answer
    Explanation:

    monopolistic competition.

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