A market in which there are large numbers of sellers of a particular product, bu

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A market in which there are large numbers of sellers of a particular product, but each seller sells somewhat differentiated but close products is termed as

Options:

A . Monopolistic competition

B . Perfect competition

C . Monopoly

D . Oligopoly

Answer: Option A
Answer: (a)Monopolistic competition is a form of market in which there are large numbers of sellers of a particular products but each seller sells somewhat differentiated but close products.

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