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    Question

    Monopoly and Oligopoly are the examples of?

    A Perfect competition Correct Answer Incorrect Answer
    B Imperfect competition Correct Answer Incorrect Answer
    C Regulated market Correct Answer Incorrect Answer
    D Pure competition Correct Answer Incorrect Answer

    Solution

    Imperfect competitionย refers to a situation where the characteristics of an economic market do not fulfil all the necessary conditions of aย perfectly competitive. There areย FOURย broad market structures that result inย Imperfect Competition.

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