The Figure Given Below Shows the Revenue and Cost Curves

Multiple Choice

The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4

-In general, the two extreme cases of market structure models are represented by:

A) monopolistic competition and oligopoly.
B) oligopoly and monopoly.
C) oligopoly and perfect competition.
D) perfect competition and monopoly.
E) perfect monopoly and oligopolistic competition.