When goods are sold, based on product differentiation, it is known as ______

CA Foundation · Business Economics · PYQS · May 2026
When goods are sold, based on product differentiation, it is known as ______
(A) A. Collusive oligopoly
(B) B. Imperfect oligopoly
(C) C. Partial oligopoly
(D) D. Syndicated oligopoly

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Imperfect oligopoly

Topics: Price Determination in Different Markets

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