Match List I with List II.

List I (Herfindahe Index Value)

List II (Market Type)

A.

Zero

I.

Oligopoly with high risk of cartel

B.

0 - 1,000

II.

Oligopoly

C.

1,000 - 1,800

III.

Monopolistic competition 

D.

1,800 - 10,000

IV.

Extremely competitive market

Choose the correct answer from the options given below: 

1
A - I, B - II, C - III, D - IV
2
A - IV, B - III, C - II, D - I
3
A - II, B - I, C - III, D - IV
4
A - I, B - III, C - II, D - IV

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