JAMB Economics 2022 Objective — Question 28
Question 28 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.
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Differentiating product is the characteristic feature of
- A. Pure competition
- B. Monopolistic competitionCorrect
- C. Monopoly
- D. Oligopoly
Explanation
Monopolistic competition is the market that uses branding/packaging to differentiate its products from others.
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