Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Question

The economist’s objections to monopoly rest on which of the following grounds?

A There is a transfer of income from consumers to the monopolist
B There is welfare loss as resources tend to be misallocated under monopoly
C Only A is correct
D Both A and B are correct

Answer & Explanation

Answer: Both A and B are correct

Advertisement
Article and Schedule Quiz Start Test!
DOWNLOAD CURRENT AFFAIRS PDF FROM APP
Assam Direct Recruitment Test Series

Teacher Eligibility Test

Assam Direct Recruitment Test Series