Economics · Microeconomics and Business Models
Match List I with List II: List I A. Snob effect B. Small-world model C. Stackelberg model D. Sales maximisation model List II I. If firms are disproportionately powerful, the market leader makes the first move and captures two-thirds of the market. II. When some people demand a smaller quantity of a commodity as more people consume it, in order to be different and exclusive. III. Oligopolistic firms seek to maximise sales after an adequate rate of profit has been earned to satisfy stockholders. IV. Theory that a corporate giant can be made to operate as a small firm by linking well-connected individuals from each level of the organisation to one another. Choose the correct match from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A - IV, B - II, C - I, D - III
- 2A - III, B - I, C - II, D - IV
- 3A - II, B - IV, C - I, D - III✓
- 4A - II, B - III, C - IV, D - I
Correct answer
A - II, B - IV, C - I, D - III
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