Post Utme Aaua 2022 Commerce Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Aaua Commerce examination.

Post Utme Aaua 2022 Commerce Objective / Multiple Choice
Question 1 POST_UTME_AAUA • 2022 • COMMERCE • objective

In a perfectly competitive market, the supply curve is perfectly elastic. What is the implication of this on the firm's ability to influence market price?

Answer Options

A. The firm can influence market price
Correct Answer B. The firm cannot influence market price
C. The firm can influence market price, but only in the short run
D. The firm can influence market price, but only in the long run
Correct Answer
B
Correct Option:
The firm cannot influence market price

About This Question

This is Post Utme Aaua 2022 Commerce Question 1. It is one of the objective questions from the 2022 Post Utme Aaua Commerce examination.

View More Post Utme Aaua 2022 Commerce Questions More Post Utme Aaua Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support