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The diagram depicting monopolistic competition in the short run:

Question:

The diagram depicting monopolistic competition in the short run:

A.

is very similar to the short run monopoly diagram

B.

is very similar to the short run perfect competition diagram

C.

is very similar to the short run oligopoly diagram

D.

is completely different to the diagrams of all the other types of markets

Answer» a. is very similar to the short run monopoly diagram

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