MCQOPTIONS
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| 1. |
Match the characteristics with their market structure:(a) Firm has control over quantity of output but it must take into account reactions of competitors.b) Firm will tend to set output so that it earns maximum profits. |
| A. | ('Oligopoly, (b) Pure competition |
| B. | (a) Monopolistic competition, ('Oligopoly |
| C. | (a) Pure Monopoly, (b) Pure competition |
| D. | (a) Oligopoly, (b) Pure Monopoly |
| Answer» E. | |