The sale of branded articles is commodity in a situation of

Excess capacity.

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Monopolistic competition.

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Monopoly.

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Pure competition.

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Solution

The correct option is A Monopolistic competition.
Product differentiation is one of the features of monopolistic competition, in which firm uses different brand names to advertise and sell their products. Thus the sale of branded articles is common in a situation of monopolistic competition.

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In case of imperfect competition (monopoly/monopolistic competition), determine producer's equilibrium using MR and MC approach.

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