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616

Q:

Match the characteristics with their market structure:

(a) Expand out put until MC = MR

(b) Elasticity of demand depends on pricing policies of rivals 

  • 1
    (a) Pure competition, (b) Pure Monopoly
  • 2
    (a) Pure Monopoly, (b) Monopolistic competition
  • 3
    (a) Pure competition, (b) Oligopoly
  • 4
    (a) Monopolistic competition, (b) Oligopoly
  • Show Answer
  • Workspace

Answer : 4. "(a) Monopolistic competition, (b) Oligopoly"

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