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Match the following : {:("Form of Mark...

Match the following `:`
`{:("Form of Market ","Number of Sellers and Buyers"),(1."Oligopoly",a. "Large number of sellers and buyers"),(2."Monopoly", b."A few big sellers and a large number of buyers"),(3."Perfect Competition", c."One seller but large number of buyers"):}`

A

1-b,2-c,3-a

B

1-c,2-a,3-b

C

1-a,2-b,3-c

D

1-b,2-a,3-c

Text Solution

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The correct Answer is:
1

Oligopoly, form of market in which there are few large firms selling to a large number of buyers, Monopoly, form of market in which there is a single seller of a commodity and large number of buyers, Perfect competition, very large number of buyers and sellers of a homogeneous product.
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