Demand curve in case of Monopolistic competition is more elestic as compared to demand curve under Monopoly due to

Distance (in m) 0 - 1 1 – 2 2 - 3 3 - 4 4 - 5 Number of Students 40 80 62 38 30 cf 40 120 182 220 250 \(\frac{n}{2}=\frac{250}{2}\) = 125 ⇒ median class is 2 - 3, l = 2, h = 1, cf =...

A) A is true and R is false

(a) extinction

Monopolistic Competition refers to a market competition in which there are a large number of firms which sell closely related but differentiated products.

A commodity that can be used for different purposes (such as milk) will have an elastic demand. This is because if the price of this commodity increases, it will be...

(c) Both Monopolistic competition & Oligopoly

(iii) Both (A) and (R) is true and (R) is the correct explanation of (A).

Correct option: (i) (A) is true but (R) is false.

Correct Answer - D D.

Correct Answer - 4 `B=(mu_(0)i)/(2pir)`