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REASONING
A statement group of statements is given...

A statement group of statements is given followed by some conclusions. Without resolving anything yourself, choose the conclusion which logically follows from the given statement.
Statement: Monopoly is characterised by an absence of or decline in competition. ABC Company realizes that its operations are in competitive industries.
Conclusions:
(a) The ABC Company is in a service industry.
(b) The ABC Company is publicly owned.
(c) ABC's market is not monopolistic.
(d) The ABC Company has no domestic competitors.

Text Solution

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The correct Answer is:
B
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