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Managerial Economics · End Term · 13 Apr 2025 · January 2025 term

Managerial Economics End Term 13 Apr 2025 — Question 35

Question 35

+1 markOne correct option

What is true about monopolistic competition

  1. A

    Firms compete by selling differentiated products that are highly, but not perfectly, substitutable

  2. B

    Entry and exit are free in the market

  3. C

    None

  4. D

    Both firms compete by selling differentiated products that are highly, but not perfectly, substitutable & entry and exit are free in the market

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Correct answer

  • D

    Both firms compete by selling differentiated products that are highly, but not perfectly, substitutable & entry and exit are free in the market

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Question 35 of 40 in the IIT Madras BS Managerial Economics (Managerial Economics) End Term paper sat on 13 Apr 2025, in the January 2025 term (IIT M IMPROVEMENT AN EXAM QIM3 13 Apr 2025). It carries 1 mark.

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