Question

Growth of GDP and Major Sectors (in %)

Column I	Column II
(1) Feature of Perfect Competition	(a) Only one buyer
(2) Feature of the Monopoly Market	(b) Only a few sellers
(3) Features of Monopolistic Competition	(c) a Large Number of Buyers and Sellers
(4) Features of the Monopoly Market	(d) Only a few buyers

Options

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

3 - (c)

Explanation:

1. Feature of Perfect Competition: There are a large number of Buyers and Sellers.
2. Features of the Monopoly Market: There is only one seller.
3. Features of Monopolistic Competition: There are a large number of Buyers and Sellers.
4. Features of the Monopoly Market: There are a lot of buyers.