Consumers are likely to get a variety of goods under
A. | Imperfect competition |
B. | Monopoly |
C. | Perfect competition |
D. | Oligopoly |
Option: A Explanation : Click on Discuss to view users comments. |
Excess capacity is not found under
A. | Monopolistic competition |
B. | Monopoly |
C. | Perfect competition |
D. | Oligopoly |
Option: C Explanation : Click on Discuss to view users comments. |
Who demonstrated the abnormal shape of demand curve for diamonds through the doctrine of conspicuous consumption?
A. | Thorstein Veblen |
B. | David Ricardo |
C. | Robert Giffen |
D. | Alfred Marshall |
Option: A Explanation : Click on Discuss to view users comments. |