Which is not an essential feature of a socialist economy?

A. Social ownership of the means of production

B. Freedom of enterprise

C. Use of centralized planning

D. Government decisions

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

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  1. Economic problems arise because:
  2. If under perfect competition, in the short period, price does not cover the average cost completely,…
  3. The budget line is described by each of the following except:
  4. In the long-run competitive equilibrium, the theory predicts that:
  5. On the total utility curve the economically relevant range is the portion over which:
  6. When there is decrease in demand the demand curve:
  7. Which of the following goods is most likely to be exchanged in a market of local rather than national…
  8. Excess capacity is not found under:
  9. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  10. Which of the following statement is wrong?
  11. When total revenue (TR) falls in monopoly then elasticity of demand is:
  12. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  13. In case of monopoly, the slope of MR is:
  14. The monopolist firm is price setter. The price setter firm is one which:
  15. Which of the following is not a feature of isoproduct curves?
  16. Social costs equal private costs when:
  17. At low prices, demand is likely to be:
  18. In non-collusive oligopoly firms enter into:
  19. The entry of new firms in cournot model is:
  20. Consumer surplus is the difference between
  21. Economies of large-scale production:
  22. Which one of the following is also known as Plant Curves:
  23. The vertical demand curve for a commodity shows that its demand is:
  24. Inputs or Factors of production are defined as:
  25. The Latin term citeris paribus means:
  26. Total utility:
  27. The concept of industry in monopolistic competition has been replaced by:
  28. Which of the following would be least likely to cause a consumer to eat less beef?
  29. The equilibrium level of output for the pure monopolist is where:
  30. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will: