Match LIST-I with LIST-II
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LIST-I |
LIST-II |
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|
A. |
Perfectly Competitive Model |
I. |
The producers first set the price of the product and then produce the output demanded at that price |
|
B. |
Bertrand Model |
II. |
It recognises the concept of interdependence among firms |
|
C. |
Stackelberg Model |
III. |
Large number of buyers and sellers |
|
D. |
Oligopoly Model |
IV. |
Few competing firms in the market |
Choose the correct answer from the options given below:
1
A - III, B - I, C - II, D - IV
2
A - I, B - II, C - III, D - IV
3
A - II, B - I, C - III, D - IV
4
A - III, B - II, C - IV, D - I