Given below are two statements:
Statement (I): The problem of enterprise combination will not arise if the enterprises have supplementary relationship.
Statement (II): Decision making regarding the production level of outputs is insignificant if the outputs have joint relationship.
Statement (I): The problem of enterprise combination will not arise if the enterprises have supplementary relationship.
Statement (II): Decision making regarding the production level of outputs is insignificant if the outputs have joint relationship.
Show Hint
- Both Statement (I) and Statement (II) are incorrect.
- Statement (I) is correct but Statement (II) is incorrect.
- Both Statement (I) and Statement (II) are correct.
The Correct Option is C
Solution and Explanation
Top Questions on Economics
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Consider the following Harrod-Domar growth equation: \[ \frac{s}{\theta} = g + \delta \] where \( s \) is the saving rate, \( \theta \) is the capital-output ratio, \( g \) is the overall growth rate, and \( \delta \) is the capital depreciation rate. If \( \delta = 0 \) and \( s = 20% \), then to achieve \( g = 10% \), the capital-output ratio will be ________ (in integer).
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- Which of the following statements is/are NOT CORRECT?
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