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