Which of the following type of competition is just a theoretical economic concept, not a realistic case where actual competition and trade take place?

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Shiva Ram

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Q. Which of the following type of competition is just a theoretical economic concept, not a realistic case where actual competition and trade take place?

(A) Monopolistic competition
(B) Monopoly
(C) Oligopoly
(D) Perfect competition

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✅ Correct Answer: (D) Perfect competition

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