Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:There is a large number of buyers both under monopoly and monopolistic competition.
Answer» Yes. In case of monopoly, there is single seller and large number of buyers. Under monopolistic competition, there are large numbers of both buyers and sellers.

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