Market for soaps and detergents are the appropriate example of:

CA Foundation · Business Economics · PYQS · January 2025
Market for soaps and detergents are the appropriate example of:
(A) A. monopoly
(B) B. oligopoly
(C) C. monopolistic competition
(D) D. perfect competition

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. monopolistic competition

Topics: Price Determination in Different Markets

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