Business Economics in CA Foundation
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Questions and Answers

Which of the following is a key concept in Business Economics?

  • Monopoly control
  • Perfect competition (correct)
  • Oligopoly collaboration
  • Government intervention
  • What is the primary focus of Business Economics in CA Foundation?

  • Minimizing competition in the market
  • Minimizing costs and expenses
  • Maximizing social welfare and utility (correct)
  • Maximizing profit and revenue
  • What does Business Economics primarily study?

  • Macroeconomic policies
  • Consumer behavior
  • Firm's production decisions (correct)
  • Stock market trends
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