MCQ
Choose the incorrect statement
- AThe law of DMU is based on the characteristics of human wants.
- BThe law of consumer surplus is based on the law of DMU
- CThe indifference curve approach is based on the scale of preference.
- ✓None of the above
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| a) | SAIL | 1) | Karur |
| b) | TNPL | 2) | Salem |
| c) | BHEL | 3) | Chennai |
| d) | MRTS | 4) | Trichy |
| a) | Monopsony | Single seller | |
| b) | Oligopoly | Group behaviour | |
| c) | Perfect competition | Transport cost | |
| d) | Monopolistic competition | Price discrimination | |