Solved UPSC CDS/OTA Question
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Q · Market and Types of GoodsEasy · 45s
Which of the following markets is an example of monopolistic competition in India?
TopicMarket and Types of Goods
Question Typemultiple choice
DifficultyEasy
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
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Restaurants sell differentiated products with slight variations, and there is free entry/exit — classic features of monopolistic competition.
Final Answer: Option C — Restaurants and eateries