Question

Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{List-I} & \textbf{List-II} \\ \hline \text{(A) The Economics of Imperfect Competition} & \text{(I) F. H. Knight} \\ \hline \text{(B) Theory of Monopolistic Competition} & \text{(II) H. von Stackelberg} \\ \hline \text{(C) Risk, Uncertainty and Profit} & \text{(III) Edward H. Chamberlin} \\ \hline \text{(D) The Theory of the Market Economy} & \text{(IV) Joan Robinson} \\ \hline \end{array}\] Choose the correct answer from the options given below:

• (A) - (IV), (B) - (III), (C) - (II), (D) - (I)
• (A) - (I), (B) - (III), (C) - (II), (D) - (IV)
• (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
• (A) - (IV), (B) - (I), (C) - (III), (D) - (II)

Hint:

Remember, the theory of monopolistic competition is largely attributed to Joan Robinson and Edward H. Chamberlin.

Answer 1

The Correct Option is C

Step 1: Author and Work Identification.
- (A) "The Economics of Imperfect Competition" authored by F. H. Knight, recognized for his work on imperfect competition theory.
- (B) "Theory of Monopolistic Competition" authored by Joan Robinson, a contributor to the concept of monopolistic competition.
- (C) "Risk, Uncertainty and Profit" authored by Edward H. Chamberlin, developer of monopolistic competition theory and addresser of economic risk and uncertainty.
- (D) "The Theory of the Market Economy" authored by H. von Stackelberg, known for contributions to oligopoly and market economy theory.

Step 2: Final Determination.
The definitive pairings are (A) - (I), (B) - (II), (C) - (III), and (D) - (IV), correctly aligning each publication with its respective author.