Monopolistic competition is ________________.

real form of market

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

hypothetical market

No worries! We‘ve got your back. Try BYJU‘S free classes today!

neither a nor b

No worries! We‘ve got your back. Try BYJU‘S free classes today!

both a & b

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A real form of market
Monopolistic competition is a market structure where there are large number of sellers selling differentiated products. There is also no entry barriers on the firm. Hence, monopolistic competition is a real form of market because today this market structure is seen almost everywhere.

Suggest Corrections