General Knowledge MCQ #1171

Monopolistic competition differs from perfect competition primarily because:

General Knowledge MCQ #1171

  1. Question 1

    Q1. Monopolistic competition differs from perfect competition primarily because:

    • A) In monopolistic competition, firms can differentiate their products.
    • B) In perfect competition, firms can differentiate their products.
    • C) In monopolistic competition, the industry produces all of the market supply of goods.
    • D) None of these

    Answer: In monopolistic competition, firms can differentiate their products.

    Explanation: In monopolistic competition, firms can differentiate their products. is correct. General Knowledge is a recurring GK theme in NTS, HEC, and civil service screening papers.