As per section 3 of the Competition Act no enterprise or association of enterprises or person or association of persons shall enter into any agreement in respect of production, supply, distribution, storage, acquisition or control of goods or provision of services, which causes or is likely to cause an appreciable adverse effect on competition within India, as any agreement entered into in contravention of the said provisions shall be ___________
Void, Explanation: Any agreement entered into in contravention of the provisions contained in subsection (1) of section 3 shall be void.
Elistan can produce either 5 monster trucks or 10 cans of silly string in a day. What is the opportunity cost of one can of silly string?
An economist calculated the cross-price elasticity of demand for nicknacks and gizmos and got -0.5. What can she conclude about the relationsh...
The concept of vicious circle of poverty is associated with
For a monopoly firm, which of the following equalities is always true?
Suppose demand and cost function of a monopolist are Q = 5 – 0.25P and C = 4Q+2. If government imposes a tax @10% of sales. What is the total tax ...
A consumer demand curve can be obtained from
If the money supply grows 5 per cent, and real output grows 2 per cent, prices should rise by
Which of the following is true for Disposable Income?
Non-spherical errors are related to
If the market demand is given by Q=250-50p and supply Q=25p+25 then what is equilibrium price in market
