Monopolistic competition has features of
A. | Monopoly but not competition |
B. |
Monopoly and competition, with features of competition predominating
|
C. |
Monopoly and competition with features of monopoly predominating
|
D. | None of the above |
Option: B Explanation : Click on Discuss to view users comments. |
A. | Equal AC and MC of production |
B. | Equal MC of production only |
C. | Equal AC of production only |
D. | Equal TC of production only |
Option: A Explanation : Click on Discuss to view users comments. |
A. | Total utility |
B. | Marginal utility |
C. | Average utility |
D. |
Does not have any relation to anyone of these
|
Option: D Explanation : Click on Discuss to view users comments. |