Multiple choice general knowledge

The theory of monopolistic competition is developed by

  1. E.H.Chamberlin

  2. P.A.Samuelson

  3. J.Robinson

  4. A.Marshall
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A Correct answer
Explanation

Edward Hastings Chamberlin developed the theory of monopolistic competition in his 1933 book 'The Theory of Monopolistic Competition.' Joan Robinson independently developed similar ideas around the same time, but Chamberlin is primarily credited with this theory.

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