Which one of the following is NOT an assumption of classical theory of employment ? (a) Full employment(b) Laissez-faire policy (c) State intervention. (d) Perfect competition

Which one of the following is NOT an assumption of classical theory of employment ?
(a) Full employment
(b) Laissez-faire policy
(c) State intervention.
(d) Perfect competition
by

1 Answer

Answer :

(c) State intervention.
by

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The situation in which total Revenues equals total cost, is known as : (1) Monopolistic competition (2) Equilibrium level of output. (3) Break even point (4) Perfect competition

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