Economics · Market Structures
Match List - I with List - II: List – I (Market structure) a. Perfect competition b. Monopoly c. Monopolistic competition d. Oligopoly List – II (Feature) i. Product is differentiated ii. Homogeneous or differentiated products iii. Factors of production are freely mobile between firms iv. Legal restrictions on entry of new firms Choose the correct option from those given below:
- 1(a) - (ii); (b) - (iv); (c) - (i); (d) - (iii)
- 2(a) - (ii); (b) - (iv); (c) - (iii); (d) - (i)
- 3(a) - (iii); (b) - (iv); (c) - (i); (d) - (ii)✓
- 4(a) - (i); (b) - (ii); (c) - (iv); (d) - (iii)
Correct answer
(a) - (iii); (b) - (iv); (c) - (i); (d) - (ii)
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