Arrange the following market structures in the increasing order of the price elasticity of products:
(A) Perfect competition
(B) Monopoly
(C) Monopolistic competition
(D) Oligopoly
(E) Duopoly
Choose the correct answer from the options given below:
1
(C), (D), (E), (B), (A)
2
(B), (E), (D), (C), (A)
3
(C), (E), (D), (A), (B)
4
(A), (C), (D), (E), (B)