________ competition exists when the basic features of Perfect Competition are not present.

Related MCQs

• Which one of the following is a feature of a perfect competition?
• In the long run, a firm in perfect competition earns _____________
• In a perfect competition, a firm earns super normal profit when the AR of the firm _____ the ACT of the firm.
• Which of the following does not characterize monopolistic competition?
• On the basis of competition, markets are classified into __________ types.
• _______ means absence of competition.
• Which one of the following is not a factor of production?
• ________ refers to the market situations whether there is one seller and there is not close substitute to the commodity sold by the seller.