MCQOPTIONS
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| 1. |
Match the characteristics with their market structure:_x005F_x000D_ (a) MR = MP(b) Elasticity of demand depends on pricing policies of rivals_x005F_x000D_ |
| A. | ('Pure Monopoly, (b) Monopolistic competition |
| B. | (a) Pure competition, ('Oligopoly |
| C. | (a) Pure competition, (b) Pure Monopoly |
| D. | (a) Pure Monopoly, (b) Oligopoly |
| Answer» C. (a) Pure competition, (b) Pure Monopoly | |