Post Utme Al Hikmah University 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice
Question 16 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A firm operating in a perfectly competitive market is characterized by which of the following?

Answer Options

A. A \single price maker
Correct Answer B. A large number of firms producing a homogeneous product
C. A firm with a significant market share
D. A firm that can influence market price
Correct Answer
B
Correct Option:
A large number of firms producing a homogeneous product

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

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