Question
Directions: In each of the following questions, a statement/group of statements is given followed by come conclusions. Without resolving anything yourself. Choose the conclusion which logically follows from the given statement(s).
- Statements:
- A. Monopoly is characterised by an absence of or decline in competition.
- B. ABC Company realizes that its operations are in competitive industries.
- Conclusions:
- (a) The ABC Company is in the service industry.
- (b) The ABC Company is publicly owned.
- (c) ABC's market is not monopolistic.
- (d) The ABC Company has no domestic competitors.
Answer: Option C
Answer: (c)
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Answer: (c)
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