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Management · Q239

Managerial Economics

Graduate and Post Graduate · Management · question 239

Q239

With increasing returns to scale, the equilibrium in a market is incomplete. This is

A.
Only in the case of perfectly competitive market
Answer
B.
Only in the case of monopolistic market situations
C.
Only in the case of imperfectly competitive market
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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