Para Jumble practice question for SSC. Review the correct answer and explanation, then continue with related practice below.
Arrange the following sentences in the correct order. A. Such behaviour can make an apparently competitive market function less competitively than the number of firms suggests. B. Firms do not need an explicit agreement in order to react strategically to one another. C. In a market with a few large firms, each may avoid aggressive price cuts because rivals are likely to respond immediately. D. Competition analysis should therefore consider strategic interaction as well as simple firm counts.
Correct Answerसही उत्तर
A. BCAD
Explanationव्याख्या
(English): B introduces strategic interaction without explicit collusion.
C provides an oligopoly example.
A explains the market consequence.
D gives the analytical conclusion.
Overall Meaning: A market can be weakly competitive even when several firms are present.
व्याख्या (Hindi): B बताता है कि firms बिना formal agreement के भी एक-दूसरे की expected reaction देखकर decisions ले सकती हैं।
C few large firms वाले market का उदाहरण देता है।
A competition कमजोर पड़ने की बात करता है और D strategic interaction देखने का निष्कर्ष देता है।
समग्र अर्थ:
कई firms होने के बावजूद strategic behaviour के कारण market में वास्तविक competition कम हो सकता है।
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