Match the followingA B(i) . Demand for inputs Hall and Hitch(ii) . Oligopoly Single buyer(iii) . Kinked demand theory Cartels(iv) . Monopsony Derived demand Codes;
A) (i) (ii) (iii) (iv)
B) (i) (iii) (ii) (iv)
C) (iv) (iii) (ii) (i)
D) (iv) (iii) (i) (ii)
Correct Answer:
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Q1: Assertion (A) Many oligopolistic industries exhibit an
Q3: If the hourly wage is Rs.10, and
Q4: The equilibrium level of output for a
Q5: The term 'monopsony' refers to
A)a single seller
B)a
Q6: The demand curve for labour under perfectly
Q7: The supply curve of the input that
Q8: The supply curve of an input that
Q9: Let labour is the only variable input,
Q10: A profit maximizing firm under a perfectly
Q11: To minimize cost of production at any
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