Question

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 1

Answer:

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