Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

If a firm sells its output on a market that is characterized by many sellers and buyers, adifferentiated product, and unlimited long-run resource mobility, then the firm is

/ » Micro economics 2 solved MCQs / By
Question:

If a firm sells its output on a market that is characterized by many sellers and buyers, adifferentiated product, and unlimited long-run resource mobility, then the firm is

A.

a monopolist

B.

an oligopolist

C.

a perfect competitor

D.

a monopolistic competitor

Answer» d. a monopolistic competitor

Note: The above multiple-choice question is for all general and Competitive Exams in India.