Question
Which of the following is not true
Monopoly form of market organization may be result of increasing returns to scale Monopoly form of markets organization may be result of patent or government decision Monopoly form of market organization may be result of control over the supply of raw material Monopoly form of market organization may be result of control over the demand for raw materialSolution
Monopolies can be considered an extreme result of free-market capitalism and are often used to describe an entity that has total or near-total control of a market.
Consider the following:
Statement 1: There exists an inverse relationship between market rates of interest and price of bond
Statement 2: ...
State Hotelling's Rule (or the Hotelling Principle) for the extraction of a non-renewable resource. What is the economic significance of the "user cost"...
A central bank decides to increase money supply. For a given price level, the LM curve is expected to
According to the Travel and Tourism Development Index (TTDI) 2024 report published by the World Economic Forum (WEF), India is ranked
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According to the Mundell-Fleming model for a small open economy with flexible exchange rates, if the Federal Reserve cannot alter domestic int...
The McDougall Rule, in the context of public finance, primarily suggests that:
Assertion (A): Use of goods and services from which one can be excluded are pure private goods.
Reason (R): Such goods and se...
The 'Vertical Equity' principle of taxation implies that:
The Travel Cost Method (TCM) is a Revealed Preference Method. What type of environmental good or service is it typically used to value, and what actual ...
