{"id":85089,"date":"2025-06-01T03:03:04","date_gmt":"2025-06-01T03:03:04","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=85089"},"modified":"2025-06-01T03:03:04","modified_gmt":"2025-06-01T03:03:04","slug":"match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9\/","title":{"rendered":"Match List-I with List-II and select the correct answer using the code"},"content":{"rendered":"

Match List-I with List-II and select the correct answer using the code given below the Lists :<\/p>\n\n\n\n\n\n\n\n\n
List-I
(Market structure)<\/th>\n		List-II
(Characteristic)<\/th>\n<\/tr>\n<\/thead>\n
A. Perfect competition<\/td>\n1. Only one producer selling one commodity<\/td>\n<\/tr>\n
B. Monopoly<\/td>\n2. Few producers selling similar or almost similar products<\/td>\n<\/tr>\n
C. Monopolistic competition<\/td>\n3. Many producers selling differentiated products<\/td>\n<\/tr>\n
D. Oligopoly<\/td>\n4. Many producers selling similar products<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Code :<\/p>\n

[amp_mcq option1=”A 4, B 3, C 1, D 2″ option2=”A 4, B 1, C 3, D 2″ option3=”A 2, B 1, C 3, D 4″ option4=”A 2, B 3, C 1, D 4″ correct=”option2″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CDS-1 – 2020<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nMatching the market structures with their characteristics:
\n– Perfect competition (A): Characterised by many producers selling identical or similar products (homogeneous) and free entry\/exit. This matches Characteristic 4 (Many producers selling similar products).
\n– Monopoly (B): Characterised by a single producer selling a unique product with high barriers to entry. This matches Characteristic 1 (Only one producer selling one commodity).
\n– Monopolistic competition (C): Characterised by many producers selling differentiated products and relatively easy entry\/exit. This matches Characteristic 3 (Many producers selling differentiated products).
\n– Oligopoly (D): Characterised by a few producers selling similar or differentiated products with significant barriers to entry. This matches Characteristic 2 (Few producers selling similar or almost similar products).
\nThus, the correct match is A-4, B-1, C-3, D-2.
\n<\/section>\n
\n– Perfect competition: Many firms, homogeneous product, free entry.
\n– Monopoly: Single firm, unique product, high barriers.
\n– Monopolistic competition: Many firms, differentiated product, low barriers.
\n– Oligopoly: Few firms, homogeneous or differentiated product, high barriers.
\n<\/section>\n
\nThese market structures represent different degrees of competition, ranging from perfect competition (most competitive) to monopoly (least competitive). Real-world markets often fall somewhere between these ideal types.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Match List-I with List-II and select the correct answer using the code given below the Lists : List-I(Market structure) List-II(Characteristic) A. Perfect competition 1. Only one producer selling one commodity B. Monopoly 2. Few producers selling similar or almost similar products C. Monopolistic competition 3. Many producers selling differentiated products D. Oligopoly 4. Many producers … <\/p>\n

Detailed SolutionMatch List-I with List-II and select the correct answer using the code<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[1288,1120,1261],"class_list":["post-85089","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-1","tag-1288","tag-economic-development","tag-nature-of-indian-economy","no-featured-image-padding"],"yoast_head":"\nMatch List-I with List-II and select the correct answer using the code<\/title>\n<meta name=\"description\" content=\"Matching the market structures with their characteristics: - Perfect competition (A): Characterised by many producers selling identical or similar products (homogeneous) and free entry\/exit. This matches Characteristic 4 (Many producers selling similar products). - Monopoly (B): Characterised by a single producer selling a unique product with high barriers to entry. This matches Characteristic 1 (Only one producer selling one commodity). - Monopolistic competition (C): Characterised by many producers selling differentiated products and relatively easy entry\/exit. This matches Characteristic 3 (Many producers selling differentiated products). - Oligopoly (D): Characterised by a few producers selling similar or differentiated products with significant barriers to entry. This matches Characteristic 2 (Few producers selling similar or almost similar products). Thus, the correct match is A-4, B-1, C-3, D-2. - Perfect competition: Many firms, homogeneous product, free entry. - Monopoly: Single firm, unique product, high barriers. - Monopolistic competition: Many firms, differentiated product, low barriers. - Oligopoly: Few firms, homogeneous or differentiated product, high barriers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Match List-I with List-II and select the correct answer using the code\" \/>\n<meta property=\"og:description\" content=\"Matching the market structures with their characteristics: - Perfect competition (A): Characterised by many producers selling identical or similar products (homogeneous) and free entry\/exit. This matches Characteristic 4 (Many producers selling similar products). - Monopoly (B): Characterised by a single producer selling a unique product with high barriers to entry. This matches Characteristic 1 (Only one producer selling one commodity). - Monopolistic competition (C): Characterised by many producers selling differentiated products and relatively easy entry\/exit. This matches Characteristic 3 (Many producers selling differentiated products). - Oligopoly (D): Characterised by a few producers selling similar or differentiated products with significant barriers to entry. This matches Characteristic 2 (Few producers selling similar or almost similar products). Thus, the correct match is A-4, B-1, C-3, D-2. - Perfect competition: Many firms, homogeneous product, free entry. - Monopoly: Single firm, unique product, high barriers. - Monopolistic competition: Many firms, differentiated product, low barriers. - Oligopoly: Few firms, homogeneous or differentiated product, high barriers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T03:03:04+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Match List-I with List-II and select the correct answer using the code","description":"Matching the market structures with their characteristics: - Perfect competition (A): Characterised by many producers selling identical or similar products (homogeneous) and free entry\/exit. This matches Characteristic 4 (Many producers selling similar products). - Monopoly (B): Characterised by a single producer selling a unique product with high barriers to entry. This matches Characteristic 1 (Only one producer selling one commodity). - Monopolistic competition (C): Characterised by many producers selling differentiated products and relatively easy entry\/exit. This matches Characteristic 3 (Many producers selling differentiated products). - Oligopoly (D): Characterised by a few producers selling similar or differentiated products with significant barriers to entry. This matches Characteristic 2 (Few producers selling similar or almost similar products). Thus, the correct match is A-4, B-1, C-3, D-2. - Perfect competition: Many firms, homogeneous product, free entry. - Monopoly: Single firm, unique product, high barriers. - Monopolistic competition: Many firms, differentiated product, low barriers. - Oligopoly: Few firms, homogeneous or differentiated product, high barriers.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9\/","og_locale":"en_US","og_type":"article","og_title":"Match List-I with List-II and select the correct answer using the code","og_description":"Matching the market structures with their characteristics: - Perfect competition (A): Characterised by many producers selling identical or similar products (homogeneous) and free entry\/exit. This matches Characteristic 4 (Many producers selling similar products). - Monopoly (B): Characterised by a single producer selling a unique product with high barriers to entry. This matches Characteristic 1 (Only one producer selling one commodity). - Monopolistic competition (C): Characterised by many producers selling differentiated products and relatively easy entry\/exit. This matches Characteristic 3 (Many producers selling differentiated products). - Oligopoly (D): Characterised by a few producers selling similar or differentiated products with significant barriers to entry. This matches Characteristic 2 (Few producers selling similar or almost similar products). Thus, the correct match is A-4, B-1, C-3, D-2. - Perfect competition: Many firms, homogeneous product, free entry. - Monopoly: Single firm, unique product, high barriers. - Monopolistic competition: Many firms, differentiated product, low barriers. - Oligopoly: Few firms, homogeneous or differentiated product, high barriers.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T03:03:04+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9\/","url":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9\/","name":"Match List-I with List-II and select the correct answer using the code","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T03:03:04+00:00","dateModified":"2025-06-01T03:03:04+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Matching the market structures with their characteristics: - Perfect competition (A): Characterised by many producers selling identical or similar products (homogeneous) and free entry\/exit. This matches Characteristic 4 (Many producers selling similar products). - Monopoly (B): Characterised by a single producer selling a unique product with high barriers to entry. This matches Characteristic 1 (Only one producer selling one commodity). - Monopolistic competition (C): Characterised by many producers selling differentiated products and relatively easy entry\/exit. This matches Characteristic 3 (Many producers selling differentiated products). - Oligopoly (D): Characterised by a few producers selling similar or differentiated products with significant barriers to entry. This matches Characteristic 2 (Few producers selling similar or almost similar products). Thus, the correct match is A-4, B-1, C-3, D-2. - Perfect competition: Many firms, homogeneous product, free entry. - Monopoly: Single firm, unique product, high barriers. - Monopolistic competition: Many firms, differentiated product, low barriers. - Oligopoly: Few firms, homogeneous or differentiated product, high barriers.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-9\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC CDS-1","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-cds-1\/"},{"@type":"ListItem","position":3,"name":"Match List-I with List-II and select the correct answer using the code"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/85089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=85089"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/85089\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=85089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=85089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=85089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}