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All of these are describing A) monopoly B) oligopoly C) perfect competition D) monopolistic competition

1 Answer

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Answer:

C) Perfect Competition

Step-by-step explanation:

Perfect competition is a situation in which all buyers and sellers are well informed and they are free to buy from anyone. There is absence of monopoly and prices of commodities are not fluctuated by the buyers and sellers will. There is very less or no competition among sellers because buyers are available in large quantity.

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