The right of individuals to control productive resources is known as:

A. Monopoly

B. Private property

C. Workable competition

D. Oligopoly

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Who wrote An Introduction to Positive Economics?
  2. According to Marshal, the Law of Diminishing Returns is applicable to:
  3. The costs faced by the firm against fixed factors are:
  4. When the demand curve is rectangular hyperbola, it represents:
  5. A firm enjoys maximum control over the price of its product under:
  6. The ordinary demand curve is also called:
  7. The production techniques are technically efficient:
  8. The demand for cigarettes is price inelastic implying a unit tax on this commodity will
  9. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  10. Marginal revenue from a given output:
  11. In 1932, The nature and significance of economic science was written by:
  12. Economies of large-scale production:
  13. With which of the following concepts is the name of J.M.Keynes particularly associated?
  14. At high prices, demand is likely to be:
  15. In short run:
  16. Which of the following curves is a rectangular hyperbola?
  17. The main contribution of Prof. R.G.D.Allen is in the field of:
  18. An exceptional demand curve is:
  19. Price elasticity of demand is best defines as:
  20. Competitors in monopolistic competition have full control over:
  21. According to critics, the assumption of costless production is:
  22. The equilibrium level of output for the pure monopolist is where:
  23. 7.The costs which the firms have to face in order to change the price tags of their products and services…
  24. Selling costs are incurred under monopolistic competition to:
  25. If the production increases under decreasing returns to scale, the cost will:
  26. The effect of consumer boycotts usually is:
  27. If the demand curve remains unchanged and supply increases, the price will:
  28. Contraction of demand means:
  29. Moving down along a linear demand curve:
  30. In modern theory of costs, a firm normally utilizes: