Discussion

Match the columns :

Group-A	Group-B
(w) Monopolistic competition	(i) Sale of goods at varying prices in foreign and domestic market.
(x) Price rigidity	(ii) Edward Chamberlin.
(y) Dumping	(iii) Firms working together in price determination.
(z) Collusion	(iv) Paul Sweezy.

Codes :

Answer: C

The correct matching is (w)-(ii) (x)-(iv) (y)-(i) (z)-(iii).

Monopolistic competition: Edward Chamberlin, The Theory of Monopolistic Competition (1933).
Price rigidity: Paul Sweezy, whose kinked demand curve (1939) explains sticky oligopoly prices.
Dumping: selling the same good at different prices in foreign and domestic markets.
Collusion: firms working together to fix prices.

Options pairing price rigidity with collusion or monopolistic competition with Sweezy reverse these attributions.

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