Which market structure is characterized by extreme product differentiation?

CA Foundation · Business Economics · RTP · May 2026
Which market structure is characterized by extreme product differentiation?
(A) A. Perfect competition
(B) B. Monopolistic competition
(C) C. Oligopoly
(D) D. Monopoly

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Monopoly

Topics: Price Determination in Different Markets

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