In which year was Communist Party of India - Marxist (CPI-M) founded? Options: 1) 1885 2) 1980 3) 1984 4) 1964
Answered 7 yr ago
bhavishya kumarCorrect Answer: 1964The Communist Party of India (Marxist) (abbreviated CPI(M) or CPM) is acommunist party in India. The party...Read more
The market structure called monopoly exists where there is exactly ______ seller in any market. Options: 1) One 2) Two 3) Five 4) Ten
Answered 7 yr agoCorrect Answer: OneMonopoly mean many buyer and one seller.A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with ...Read more
The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good. Options: 1) monotonic 2) indifferent 3) market demand 4) diminishing
Answered 7 yr agoCorrect Answer: market demandMarket demand is the sum of the individual demand for a product from buyers in the market. If more buyers enter the market and they have the ability to pay for ite...Read more