MCQ
Differentiated products are seen in _______
- APerfect competition
- BMonopoly
- ✓Monopolistic
- DMonopsony
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| (a) | Equilibrium | i | Keynes |
| (b) | Utils | ii | Marshall |
| (c) | Ragnar Frisch | iii | England |
| (d) | Neo-classical school | iv | Adam smith |
| a) | Unitary elastic supply | 1) | Es =0 |
| b) | Relatively inelastic supply | 2) | Es =1quad |
| c) | Perfectly inelastic supply | 3) | Es < 1 |
| d) | Perfectly elastic supply | 4) | Es =alpha |
| a) | Rent | Capital | |
| b) | Wages | Labour | |
| c) | Interest | Organisation | |
| d) | Profit | Land |