Match the characteristics with their market structure:
(a) Differentiated products, but close substitutes for consumers so their demand curves are elastic.
(b) Firm will tend to set output so that it earns maximum profits.

A

(a) Pure competition, (b) Pure Monopoly

B

(a) Monopolistic competition, (b) Oligopoly

C

(a) Oligopoly, (b) Pure Monopoly

D

(a) Monopolistic competition, (b) Pure Monopoly