

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