Match List - I with List - II :
|
List – I (Market structure ) |
List – II (Feature) |
||
|
a |
Perfect competition |
i |
Product is differentiated |
|
b |
Monopoly |
ii |
Homogeneous or differentiated products |
|
c |
Monopolistic competition |
iii |
Factors of production are freely mobile between firms |
|
d |
Oligopoly |
iv |
Legal restrictions on entry of new firms |
Choose the correct option from those given below:
1
(a) - (i); (b) - (ii); (c) - (iv); (d) - (iii)
2
(a) - (iii); (b) - (iv); (c) - (i); (d) - (ii)
3
(a) - (ii); (b) - (iv); (c) - (iii); (d) - (i)
4
(a) - (ii); (b) - (iv); (c) - (i); (d) - (iii)