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


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