Question

Match the characteristics with their market structure:
(a) Expand out put until MC = MR
(b) Elasticity of demand depends on pricing policies of rivals
A) (a) Pure competition, (b) Pure Monopoly B) (a) Pure Monopoly, (b) Monopolistic competition C) (a) Pure competition, (b) Oligopoly D) (a) Monopolistic competition, (b) Oligopoly

Answer 1

Answer:

The answer is a Pure competition

Answer 2

Answer:

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