Multiple choice

The FMCG is an example of

  1. perfect competition

  2. monopolistic competition

  3. monopoly

  4. none of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The fast moving consumer goods are monopolistic items having features of product differentiation, selling cost and others. The perfect competition is very rare to found in real life. The perfect example of monopoly is the Indian railway.