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Identify the market form for the item given below: Product differentiation - Economic Applications

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Questions

Identify the market form for the item given below:

Product differentiation

Identify the market form from the following.

Differentiated products

One Line Answer

Solution

The market form associated with product differentiation is monopolistic competition.

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Forms of Market Structure
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Chapter 5: Nature and Structure of Markets - QUESTION BANK [Page 143]

APPEARS IN

Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 5 Nature and Structure of Markets
QUESTION BANK | Q 37. (ii) | Page 143
Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 5 Nature and Structure of Markets
QUESTIONS | Q 23. (iii) | Page 138
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 5 Meaning and Types of Markets
Exercise | Q 22. (iii) | Page 116
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 5 Meaning and Types of Markets
QUESTION BANK | Q 41. (ii) | Page 121

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