What is the correct answer?


The concept of product differentiation was firstly introduced by:

A. Smith

B. Kaldor

C. Sraffa

D. Marshal

Correct Answer :

C. Sraffa

Related Questions

The long-run AC curve is constructed from: In discriminating monopoly (price discrimination), the elasticity of demand… Labor Saving Technological Progress can be defined as: Cardinal approach includes arranging: With an increase in income, consumer is expected to buy more of: Kinked Demand Curve is consistent with which one of the following market… In second degree price discrimination, monopolist takes away : With the expansion of output, the short run average cost curve, beyond… Which of the following is an implicit cost of production? Which of the following formula determine the income elasticity of demand?: A high value of cross-elasticity indicates that the two commodities are: Under monopolistic competition, the firms compete alongwith: The effects according to which people use those goods which are concerned… In short run: A country is advised to devalue (reduce external value of) its currency… The line from the origin to a point on an isoquant shows: The basic subject matter of economics is: Moving along the indifference curve leaves the consumer: Each short run average cost curve: The elasticity of substitution measures the percentage change in the ratio… When total revenue is maximum in monopoly, elasticity of demand is: The Law of Equi-Marginal Utility states: If a commodity sold under monopoly is got free of cost, then MC will be: At final equilibrium in cournot model, each firm sells: In economist the term invisible hand is refers to: The point where the supply and demand curves intersect on a graph determines: In which case the elasticity shown by the different points of a curve… Supply of a commodity refers to: A firm under perfect competition has: Who first formulated the Marginal Productivity Theory of Distribution?