Which of the following statements are true/false?
1. In institutional market, there is free operation of forces of demand and supply.
2. In management market, there is a close relationship between wage setting and allocation of labour.
3. In neo-classical markets, imperfections and inequality exists in the market.
4. Unstructured markets are not regulated by any authority.

A. 1, 2, 3 and 4 are true

B. 2, 3 are true and 2, 4 are false

C. 2, 4 are true and 1, 3 are false

D. 3, 4 are true and 2, 1 are false

Answer: Option A