Concept:
For a relation \(R\),
\[
R^2=R\circ R,
\]
and
\[
R^3=R^2\circ R.
\]
The composition of relations is obtained by linking ordered pairs through common intermediate elements.
Step 1: Write the given relation.
\[
R=\{(1,1),(2,1),(3,2),(4,3)\}.
\]
Observe the mappings:
\[
1\to1,
\]
\[
2\to1,
\]
\[
3\to2,
\]
\[
4\to3.
\]
Step 2: Find \(R^2\).
Following each element twice:
\[
1\to1\to1
\]
gives
\[
(1,1).
\]
\[
2\to1\to1
\]
gives
\[
(2,1).
\]
\[
3\to2\to1
\]
gives
\[
(3,1).
\]
\[
4\to3\to2
\]
gives
\[
(4,2).
\]
Therefore,
\[
R^2=\{(1,1),(2,1),(3,1),(4,2)\}.
\]
Step 3: Find \(R^3\).
Apply \(R\) once more:
\[
1\to1\to1\to1
\]
gives
\[
(1,1).
\]
\[
2\to1\to1\to1
\]
gives
\[
(2,1).
\]
\[
3\to2\to1\to1
\]
gives
\[
(3,1).
\]
\[
4\to3\to2\to1
\]
gives
\[
(4,1).
\]
Hence,
\[
R^3=
\{(1,1),(2,1),(3,1),(4,1)\}.
\]
\[
\boxed{\{(1,1),(2,1),(3,1),(4,1)\}}
\]
Thus option (C) is correct.