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Question
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
Options
(i) C, (ii) D, (iii) A, (iv) B
(i) D, (ii) C, (iii) B, (iv) A
(i) D, (ii) C, (iii) A, (iv) B
(i) C, (ii) D, (iii) B, (iv) A
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Solution
(i) D, (ii) C, (iii) A, (iv) B
Explanation:
| Column I | Column II | ||
| (i) | Perfect competition | (D) | Homogeneous products |
| (ii) | Monopoly | (C) | Single seller |
| (iii) | Monopolistic Competition | (A) | Differentiated Products |
| (iv) | Oligopoly | (B) | Few large firms |
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