Question:
Match List I with List II
Match List I with List II
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Remember the suffixes: "-poly" refers to sellers, and "-psony" refers to buyers. "Mono-" means one, and "Oligo-" means few. This simple linguistic breakdown solves market structure questions instantly.
Updated On: Aug 26, 2026
- A - II, B - IV, C - V, D - I, E - III
- A - III, B - I, C - V, D - IV, E - II
- A - II, B - IV, C - V, D - III, E - I
- A - III, B - II, C - V, D - IV, E - I
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The Correct Option is C
Solution and Explanation
Step 1: Understanding the Concept:
Market structures are classified based on the number of buyers and sellers, and the degree of product differentiation.
Step 2: Detailed Explanation:
Let us match each market structure with its defining characteristic:
- Oligopoly: A market dominated by a small number of large sellers. (A - II)
- Monopoly: A market structure with a single seller. (B - IV)
- Monopolistic competition: A market with many sellers offering highly differentiated products (e.g., branding, packaging). (C - V)
- Oligopsony: A market structure characterized by only a few buyers. (D - III)
- Monopsony: A market structure with only one buyer (e.g., a single sugar mill buying sugarcane in a region). (E - I)
Thus, the correct matching is A - II, B - IV, C - V, D - III, E - I.
Step 3: Final Answer:
This sequence corresponds to Option (C).
Market structures are classified based on the number of buyers and sellers, and the degree of product differentiation.
Step 2: Detailed Explanation:
Let us match each market structure with its defining characteristic:
- Oligopoly: A market dominated by a small number of large sellers. (A - II)
- Monopoly: A market structure with a single seller. (B - IV)
- Monopolistic competition: A market with many sellers offering highly differentiated products (e.g., branding, packaging). (C - V)
- Oligopsony: A market structure characterized by only a few buyers. (D - III)
- Monopsony: A market structure with only one buyer (e.g., a single sugar mill buying sugarcane in a region). (E - I)
Thus, the correct matching is A - II, B - IV, C - V, D - III, E - I.
Step 3: Final Answer:
This sequence corresponds to Option (C).
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