Match the characteristics with their market structure:
a) Expand output until MC = MR
b) Elasticity of demand depends on pricing policies of rivals
1
(a) Pure competition, (b) Pure Monopoly
2
(a) Pure Monopoly, (b) Monopolistic competition
3
(a) Pure competition, (b) Monopsony
4
(a) Monopolistic competition, (b) Oligopoly