Q:

Match the characteristics with their market structure:

(a) Price > MC in both short and long run

(b) Faces highly elastic demand

• 1
  (a) Monopolistic competition, (b) Pure competition
• 2
  (a) Pure Monopoly, (b) Monopolistic competition
• 3
  (a) Pure competition, (b) Monopolistic competition
• 4
  (a) Oligopoly, (b) Pure competition