The theory of monopolistic competition has been formulated in the United States of America by:

CA Foundation · Business Economics · MTP · May 2026
The theory of monopolistic competition has been formulated in the United States of America by:
(A) A. Joseph Schumpeter
(B) B. Joan Robinson
(C) C. Edward Chamberlin
(D) D. John Bates Clark

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Joseph Schumpeter

Topics: Price Determination in Different Markets

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