Civil Services UKPSC Lower PCS Mock Test Series 2024 General Knowledge Economy Microeconomics

Which of the following are features of monopolistic competition?

1. Large number of firms

2. Homogeneous product

3. Selling Costs

4. Non-Price Competition

Choose the correct code.

1
1 and 2
2
1, 3 and 4
3
2, 3 and 4
4
3 and 4
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