Which of the following is NOT a type of market based on the degree of competition?
A. Monopoly
B. Oligopoly
C. Barter market as a competition classification
D. Perfect competition
Answer: Option C
Solution (By JKSSB Mock Tests)
Barter refers to exchange without money. Market structures based on competition are perfect competition, monopolistic competition, oligopoly and monopoly.
Explanation:
Under flexible exchange rates, the currency appreciates or depreciates automatically in response to balance of payments pressures, helping to restore equilibrium.
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