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      Question

      With reference to farm planning and optimun resource use

      consider the following: 1. Monopolistic Competition 2. Perfect Competition 3. Oligogoly 4. Monopoly What is the correct arrangement of these market as per the number of seller in ascending order?
      A 3, 4, 2 and 1 Correct Answer Incorrect Answer
      B 4, 3, 1 and 2 Correct Answer Incorrect Answer
      C 2, 3, 4 and 1 Correct Answer Incorrect Answer
      D 1, 2, 3 and 4 Correct Answer Incorrect Answer

      Solution

      Arrangement of market structures by the number of sellers in ascending order: Monopoly: One seller Oligopoly: Few sellers Monopolistic Competition: Many sellers with differentiated products Perfect Competition: Many sellers with identical products

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