Economics · Digital Commerce & Market Structure
Consider the following statements: Statement I: The Open Network for Digital Commerce (ONDC) seeks to enable an interoperable network-based model for digital commerce rather than a closed platform-centric structure. Statement II: In the conventional platform model, the marketplace operator typically influences access, discoverability and transaction terms within its own ecosystem. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct and Statement II explains Statement I.✓
- 2Both Statement I and Statement II are correct but Statement II does not explain Statement I.
- 3Statement I is correct but Statement II is not correct.
- 4Statement I is not correct but Statement II is correct.
Correct answer
Both Statement I and Statement II are correct and Statement II explains Statement I.
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