Question

Select the proper option from the option given below and rewrite the completed sentences.

Business organization should avoid creation of ________.
(a) Trade Unions
(b) Consumer's cell
(c) Monopoly

Answer 1

Correct option- c
Business organisation should avoid creation of monopoly.

Explanation:
According to the code of business ethics, business organisations should not create monopoly. A monopolistic market is not good from consumers’ point of view, as it reduces consumer surplus. Also, the quantity demanded by consumers in the monopolistic market is less than that in other markets.