Online MCQ Assignment Answer QN1: Which economist stated the positive impact of monopoly? a. Marshall b. Adam Smith c. Joseph Schumpeter d. Pigou AnswerAnswer:c. Joseph Schumpeter QN2: “If the demand curve confronting an individual firm is perfectly elastic, then firm is” a. Price taker b. Adjust output c. Adjust price d. All of these AnswerAnswer:a….
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