In the context of industrial organisation, the 'Structure-Conduct-Performance' paradigm suggests that: MCQ with Answer and Explanation

In the context of industrial organisation, the 'Structure-Conduct-Performance' paradigm suggests that:
A. Only performance matters
B. Conduct is independent of structure
C. Market structure determines firm conduct which in turn determines performance
D. Performance determines structure
Answer: Option C
Solution (By JKSSB Mock Tests)
The traditional SCP paradigm posits a causal chain from market structure (concentration, entry barriers) to firm conduct (pricing, advertising) to market performance (profits, efficiency).

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Practice More Economy Set 1 Questions

Question #1
The 'Food and Agriculture Organization' is headquartered in:
A. New York
B. Geneva
C. Rome
D. Vienna

Correct Answer: Option C


Explanation:
The Food and Agriculture Organization is headquartered in Rome, Italy.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Doha Round' of WTO negotiations began in which year?
A. 2010
B. 1999
C. 2001
D. 2005

Correct Answer: Option C


Explanation:
The Doha Round was launched in 2001.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Estimates Committee' in Parliament examines:
A. judicial appointments
B. budget estimates and efficiency of expenditure
C. foreign policy
D. CAG reports

Correct Answer: Option B


Explanation:
Estimates Committee examines budget estimates and efficiency of expenditure.

This question belongs to: Economy GK Economy Set 1