Post Utme Babcock University 2018 Geography Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Babcock University Geography examination.

Post Utme Babcock University 2018 Geography Objective / Multiple Choice
Question 12 POST_UTME_BABCOCK_UNIVERSITY • 2018 • GEOGRAPHY • objective

A company is considering investing in a new industry. The industry is characterized by high fixed costs and low marginal costs. What type of market structure is this industry likely to be?

Answer Options

A. Perfect competition
Correct Answer B. Monopoly
C. Monopolistic competition
D. Oligopoly
Correct Answer
B
Correct Option:
Monopoly

About This Question

This is Post Utme Babcock University 2018 Geography Question 12. It is one of the objective questions from the 2018 Post Utme Babcock University Geography examination.

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