Question
| A) | Social cost | 1) | Retrospective cost |
| B) | Sunk cost | 2) | External cost |
| C) | Fixed cost | 3) | Alternative cost |
| D) | Opportunity cost | 4) | Overhead cost |
| A) | Social cost | 1) | Retrospective cost |
| B) | Sunk cost | 2) | External cost |
| C) | Fixed cost | 3) | Alternative cost |
| D) | Opportunity cost | 4) | Overhead cost |
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| a) | Natural monopoly | Nickel (Canada) | |
| b) | Artificial monopoly | Gold mines (Africa) | |
| c) | Legal monopoly | Patent right | |
| d) | State monopoly | Railways (India) | |
| a) | The transaction motive | Mt=f(y) | |
| b) | The precautionary motive | Mp=f(y) | |
| c) | The speculative motive | Ms=f(i) | |
| d) | Total demand for money | Mt+Mp | |