Match the following pairs and select the correct answer:
| 1. Perfect Competition | A. A large number of buyers and sellers. |
| 2. Monopolistic Competition | B. The products are similar but all sellers sell differentiated products. |
| 3. Oligopoly | C. Few firms are existing in the market |
| 4. Monopoly | D. Most undesirable form of market structure |
1
1-D, 2-B, 3-C, 4-A
2
1-A, 2-C, 3-B, 4-D
3
1-B, 2-A, 3-D, 4-C
4
1-A, 2-B, 3-C, 4-D