Home / MCQ Bank / Commerce
Commerce Economics Difficulty: Medium

Which of the following statements are true according to Prof. Schumpeter about a monopolist? 1. Monopolies are inefficient. 2. Monopoly profits acts as an incentive for innovation. 3. AR is equal to MR. Select the correct answer

Select the correct option to test your answer:

More Commerce Questions

Every company should follow: When a company purchases its own debentures as an investment, 'own debentures account' is debited with: Which one of the following is not a part of the Profitability Ratios: If the amount claimed by a consumer as compensation is Rs. 89 lakh, the case under the Consumers Protection Act shall be filed with The cost of goods sold is Rs. 50,000. The value of opening and closing stock is Rs. 15,000 and Rs. 25,000 respectively. The stock turnover rate will be :