The answer to the question would be one then does not discern the footprints of another which is in a way shall be wholly strange and also new. Hope this is the answer and would then be of big help.
Impulsive actions are those that are done due to impulsive circumstances and therefore, further thinking about things or the situation before the decision is made is not done. The answer to the question above is hence, the second choice, FALSE.
Answer: D) Monopolistic competition
Explanation: Monopolist competition is the competition in the marketing field by selling the products which are different from each other on basis of certain parameters such as brand.
According to the situation mentioned in the question ,presence of 12 airlines for opting are huge amount where airplane is viewed from product point of view and thus, it will create a imperfect competition.
Other options are incorrect because perfect competition is raised by the perfect market of products, monopoly is the situation with no competition and oligopoly is the competition with limited number of seller and their products.Thus, the correct option is option (D).
