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551

Q:

Match the characteristics with their market structure:

(a) Firm has control over quantity of output but it must take into account reactions of competitors.

b) Firm will tend to set output so that it earns maximum profits.

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

Answer : 1. "(a) Oligopoly, (b) Pure competition"

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