Question

Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{List-I} & \textbf{List-II} \\ \hline \text{(A) The Economics of Imperfect Competition} & \text{(I) F. H. Knight} \\ \hline \text{(B) Theory of Monopolistic Competition} & \text{(II) H. von Stackelberg} \\ \hline \text{(C) Risk, Uncertainty and Profit} & \text{(III) Edward H. Chamberlin} \\ \hline \text{(D) The Theory of the Market Economy} & \text{(IV) Joan Robinson} \\ \hline \end{array}\] Choose the correct answer from the options given below:

• (A) - (IV), (B) - (III), (C) - (II), (D) - (I)
• (A) - (I), (B) - (III), (C) - (II), (D) - (IV)
• (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
• (A) - (IV), (B) - (I), (C) - (III), (D) - (II)

Hint:

Remember, the theory of monopolistic competition is largely attributed to Joan Robinson and Edward H. Chamberlin.

Answer 1

The Correct Option is C

Step 1: Understanding the authors and their works.
- (A) "The Economics of Imperfect Competition" is written by F. H. Knight, who is known for his work on the theory of imperfect competition.
- (B) "Theory of Monopolistic Competition" is written by Joan Robinson, who contributed to the concept of monopolistic competition.
- (C) "Risk, Uncertainty and Profit" is written by Edward H. Chamberlin, who developed the theory of monopolistic competition and addressed risk and uncertainty in economics.
- (D) "The Theory of the Market Economy" is written by H. von Stackelberg, who is known for his contributions to oligopoly theory and the theory of the market economy.

Step 2: Conclusion.
The correct match is (A) - (I), (B) - (II), (C) - (III), (D) - (IV). This matches each book with its corresponding author.