Advertisements
Advertisements
Question
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Options
A. (iii), B. (ii), C. (iv), D. (i)
A. (ii), B. (iii), C. (i), D. (iv)
A. (iii), B. (i), C. (ii), D. (iv)
A. (iv), B. (ii), C. (i), D. (iii)
Advertisements
Solution
A. (iii), B. (ii), C. (iv), D. (i)
Explanation:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (iii) | Horizontal straight line |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iv) | Elastic demand curve |
| D. | Demand curve under oligopoly | (i) | Indeterminate demand curve |
APPEARS IN
RELATED QUESTIONS
In monopolistic competition, there are ______.
Which one of the following is NOT found in a perfectly competition market?
Give an example of oligopoly.
Why is there no need for selling cost under perfect competition?
Which type of market structure is the following? Give reason.
Ball-pen
With the help of an example explain the meaning of price discrimination.
To which market form are homogeneous products relevant?
What is the effect on price when a monopoly firm tries to sell more?
Why do producers incur high selling costs in an imperfect market?
Which feature best distinguishes monopolistic competition from perfect competition?
