Read the following statements - Assertion (A) and Reasoning (R). |
Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is the correct explanation of Assertion (A). Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is not the correct explanation of Assertion (A). Assertion (A) is true but Reasoning (R) is false. Assertion (A) is false but Reasoning (R) is true. |
Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is the correct explanation of Assertion (A). |
Yes, we are operating in an era of monopolistic competition. Majority of industries are operating under this form of market and there is a rise in this trend. The reason being the rise of new entrepreneurs providing better close substitutes than their competitors. |