

MCQOPTIONS
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1. |
Match the characteristics with their market structure:_x005F_x000D_ (a) Differentiated products, but close substitutes for consumers so their demand curves are elastic(b) Homogeneous product, all goods are perfect substitutes for consumers |
A. | ('Monopolistic Competition, (b) Pure Competition |
B. | (a) Monopolistic Competition, ('Pure Monopoly |
C. | (a) Pure Monopoly, (b) Pure Competition |
D. | (a) Pure Monopoly, (b) Pure Competition |
Answer» B. (a) Monopolistic Competition, ('Pure Monopoly | |