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Question
Which one of the following combinations given in Column 1 and Column 2 is correct?
| Column 1 | Column 2 |
| 1. Product differentiation | a. Monopoly |
| 2. Price-maker | b. Monopolistic competition |
| 3. Homogeneous product | c. Oligopoly |
| 4. Few sellers | d. Perfect competition |
Match the Columns
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Solution
| Column 1 | Column 2 |
| 1. Product differentiation | b. Monopolistic competition |
| 2. Price-maker | a. Monopoly |
| 3. Homogeneous product | d. Perfect competition |
| 4. Few sellers | c. Oligopoly |
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