Which market structure is characterized by extreme product differentiation?

CA Foundation · Business Economics · MTP · September 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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