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Question

Markets have been differentiated from each other on which of the following grounds?


A

Number of buyers and sellers

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B

Perfect knowledge

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C

Mobility of goods and services

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D

All of the above

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Solution

The correct option is D

All of the above


In a capitalist economy, markets have been differentiated form each other based on the number of buyers and sellers, nature of the commodities, mobility of goods and services, perfect knowledge, entry and exit etc.


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