Match List I with List II

List I

List II

A.

Perfect competition

I.

Many real or perceived differences in products

B.

Monopoly

II.

Little or no difference in products

C.

Monopolistic competition

III.

Identical products

D.

Oligopoly

IV.

Product without close substitutes

Choose the correct answer from the options given below:

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

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