Business Economics

1:

Assertion (A). In oligopoly price and output are generally indeterminate

Reason (R). The above situation occurs due to interdependence of the firms under oligopoly

A.

Both (A) and (R) are false

B.

(A) is true and (R) is false

C.

(A) is true and (R) is correct explanation of (A)

D.

(A) is true and (R) is not correct explanation of (A)

 

Answer : C

Explanation :

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Option: A

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