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Question
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Options
A. (iv), B. (ii), C. (iii), D. (i)
A. (iii), B. (i), C. (ii), D. (iv)
A. (ii), B. (iii), C. (iv), D. (i)
A. (i), B. (ii), C. (iii), D. (iv)
Solution
A. (ii), B. (iii), C. (iv), D. (i)
Explanation:
| Column I | Column II | ||
| A. | Monopoly | (ii) | Absence of close substitutes |
| B. | Oligopoly | (iii) | Few large sellers |
| C. | Perfect competition | (iv) | Homogeneous products |
| D. | Monopolistic competition | (i) | Availability of close substitutes |
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