Which one of the following is identical with multiplant monopolist?
A. | Cartel aiming at joint profit maximisation |
B. | Market sharing cartels |
C. | Oligopoly with low-cost firm as leader |
D. | Oligopoly with dominant firm as leader |
Option: A Explanation : Click on Discuss to view users comments. |
Which of the following concepts are most closely associated with Alfred Marshall?
A. | Marginal utility theory |
B. | Modern theory of wage |
C. | Price mechanism under monopoly |
D. | Interest theory |
Option: A Explanation : Click on Discuss to view users comments. |
In the case of an inferior commodity, the income elasticity of demand is
A. | Infinity |
B. | Unitary |
C. | Negative |
D. | Positive |
Option: C Explanation : Click on Discuss to view users comments. |