MCQOPTIONS
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| 1. |
Match the characteristics with their market structure:_x005F_x000D_ (a) demand will tend to be inelastic(b) Firm has control over quantity of output but it must take into account reactions of competitors_x005F_x000D_ |
| A. | ('Pure Monopoly, (b) Oligopoly |
| B. | (a) Pure Monopoly, ('Monopolistic Competition |
| C. | (a) Pure Competition, (b) Oligopoly |
| D. | (a) Monopolistic Competition, (b) Pure Competition |
| Answer» B. (a) Pure Monopoly, ('Monopolistic Competition | |