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Labour and Social Welfare
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Which of the following statements are true/false?
1. In institutional market, there is free operation of forces of demand and supply.
2. In management market, there is a close relationship between wage setting and allocation of labour.
3. In neo-classical markets, imperfections and inequality exists in the market.
4. Unstructured markets are not regulated by any authority.

Answer & Solution
Correct Answer: Option A
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