30 points
Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Economics
Answer to this one should be 2 ?
10. In which of the following market situations/forms, firms are able to maximise profits ? (1) Price leadership Cartel (3) At the kink point (Y4) Monopolistic competition 11. Consider
1 Answer(s)
Answer Now
- 0 Likes
- 1 Comments
- 0 Shares
Do You Want Better RANK in Your Exam?
Start Your Preparations with Eduncle’s FREE Study Material
- Updated Syllabus, Paper Pattern & Full Exam Details
- Sample Theory of Most Important Topic
- Model Test Paper with Detailed Solutions
- Last 5 Years Question Papers & Answers
Sign Up to Download FREE Study Material Worth Rs. 500/-
Ajay chouhan![best-answer]()
The correct answer here would be Monopolistic competition because there are several firms with totally different products such as clothes, food, jewellery, electronics etc and so it doesn't concern each other and they maximise their profit in their area. 2 option can't be the answer as in Cartel, firms need to be in the same profession and area and they make a deal with each other to manipulate the market.