Multiple choice

Beer and cigarette industries are an example of which of the following?

  1. Pure competition<o:p></o:p>

  2. Monopolistic competition<o:p></o:p>

  3. Oligopoly<o:p></o:p>

  4. Monopoly<o:p></o:p>
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A Correct answer
Explanation

Beer and cigarette industry are an example of pure competition as there are many firms that provide the product.

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