Match the characteristics with their market structure:
(a) Differentiated products, but close substitutes for consumers so their demand curves are elastic
(b) Homogeneous product, all goods are perfect substitutes for consumers

A

(a) Monopolistic Competition, (b) Pure Competition

B

(a) Monopolistic Competition, (b) Pure Monopoly

C

(a) Pure Competition, (b) Monopolistic Competition

D

(a) Pure Monopoly, (b) Pure Competition