414. Consider the following statements.
1. Cartel is an informal agreement among the firms to avoid competition.
2. There is a free entry of firms in monopoly market.
3. There is a full control over price in perfect competition.
Which of the statement(s) given above is/are correct?
1. Cartel is an informal agreement among the firms to avoid competition.
2. There is a free entry of firms in monopoly market.
3. There is a full control over price in perfect competition.
Which of the statement(s) given above is/are correct?
417. When equilibrium price rises but equilibrium quantity remains unchanged, the cause is
418. Statement-I: The industrial policy of the Government of India is aimed at increasing the tempo of industrial development.
Statement-II: After the New Industrial Policy - 1991, the Balance of Trade for India has always been positive.
Statement-II: After the New Industrial Policy - 1991, the Balance of Trade for India has always been positive.
419. Lack of capital, exessive dependence on agriculture and inequalities of income and assets are some of the important features of a
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