Monopoly is characterized by an absence of or decline in competition. MUL realizes that its operations are in competitive industries.
Which of the following conclusions may be inferred from the above ?

MUL is a public limited company

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MUL is a 51: 49 joint venture between Suzuki Motor company and government of India and its market is monopolistic

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MUL's market is not monopolistic

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MUL is a financed by the government.

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Solution

The correct option is C MUL's market is not monopolistic

Monpoly is defined above as absence of competition, so MUL are in competitive industries means thier market is not monopolistic.

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