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CLAT Sample Paper CLAT Sample Paper-12

  • question_answer
    Monopoly is characterized by an absence of or decline in competition. The ABC Company realize that is operations are in competitive industries.  Which of the following conclusions may be inferred from the above?

    A)  ABC's market is not monopolistic

    B)  The ABC company has no domestic competitors

    C)  The ABC company is publically owned

    D)  The ABC company is in service industry

    Correct Answer: B

    Solution :

    Since, ABC operates in competitive industries, it can be directly inferred that its market is not monopolistic.


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