Identify the correct pair of items from the following Columns I and II Column I 1 Tea Shops nbs...........

Introductory Microeconomics Theory of firm under perfect Competition

Identify the correct pair of items from the following Columns I and II:

Column I

(1) Tea Shops (2) Cafeteria (3) Vegetable Market Market (4) Rallways

Column II

(a) Perfect Competition Market (b) Perfect Competition Market (c) Perfect Competition (d) Perfect Competition Market

1-(a)

2- (b)

3-(c)

4-(d)

Option (3) is correct.
Explanation: Tea Shops are Monopolistic Competition; Cafeteria are Monopolistic Competition; Railways are Monopoly.

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