.Reasoning (R): Protection as per market forces and “Caveat Emptor” is not enough as perfectly competitive market is an economist’s dream and consumer sovereignty is a myth.


  • A

    Both (A) and (R) are correct but (R) is not the right explanation of (A)

  • B

    Both (A) and (R) are correct and (R) is the right explanation of (A)

  • C

    (A) is incorrect but (R) is correct

  • D

    (A) is correct but (R) is incorrect