Question

Match the following:

1.	Prices offered by the fashion industry depend on the services provided for their uniqueness.	P.	Perfectly Competitive Market
2.	Central Government is the sole buyer of defense equipment.	Q.	Monopoly Market
3.	Concession in Railway Tickets for senior citizens as compared to normal passengers.	R.	Monopolistically Competitive Market
4.	The sellers have to quote the market price which usually remains uniform.	S.	Monopsony Market

Options

• 1 - S, 2 - Q, 3 - P, 4 - R

• 1 - Q, 2 - R, 3 - S, 4 - P

• 1 - R, 2 - P, 3 - Q, 4 - S

• 1 - R, 2 - S, 3 - Q, 4 - P

Answer 1

1 - R, 2 - S, 3 - Q, 4 - P

Explanation:

1.	Prices offered by the fashion industry depend on the services provided for their uniqueness.	R.	Monopolistically Competitive Market
2.	Central Government is the sole buyer of defense equipment.	S.	Monopsony Market
3.	Concession in Railway Tickets for senior citizens as compared to normal passengers.	Q.	Monopoly Market
4.	The sellers have to quote the market price which usually remains uniform.	P.	Perfectly Competitive Market