Question

Arrange the following market forms in descending order of degree of competition:
A. Monopoly
B. Monopolistic Competition
C. Perfect Competition
D. Oligopoly

• A. C, B, D, A
• B. A, D, B, C
• C. C, D, B, A
• D. B, C, D, A

Hint:

Logic Tip: Competition decreases as number of sellers decreases.

Answer 1

The Correct Option is A

Step 1:
Degree of competition refers to the intensity of rivalry among firms.

Step 2:

• Perfect Competition $\rightarrow$ Highest competition
• Monopolistic Competition $\rightarrow$ High competition with differentiation

Step 3:

• Oligopoly $\rightarrow$ Few firms dominate
• Monopoly $\rightarrow$ No competition

Step 4:
Descending order: \[ C,\; B,\; D,\; A \] Hence, the correct answer is: \[ \boxed{\text{(1) C, B, D, A}} \]