Match List I with List II:
|
List- I Shape of revenue curve of the firm |
List – II Market structure |
||
|
A. |
Kinked revenue-curve |
(I) |
Monopolistic competition |
|
B. |
Infinitely elastic straight line curve |
(II) |
Perfect competition |
|
C. |
Relatively less elastic curve |
(III) |
Oligopoly |
|
D. |
Relatively high elastic curve |
(IV) |
Monopoly. |
Choose the correct answer from the options given below -
1
(A) - (III), (B) - (II), (C) - (IV), (D) - (I)
2
(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
3
(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
4
(A) - (III), (B) - (II), (C) - (I), (D) - (IV)