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448

Q:

Match the characteristics with their market structure:

(a) Price > MC in both short and long run

(b) Faces highly elastic demand

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

Answer : 2. "(a) Pure Monopoly, (b) Monopolistic competition"

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