Post Utme Bells University 2020 Commerce Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Bells University Commerce examination.

Post Utme Bells University 2020 Commerce Objective / Multiple Choice
Question 37 POST_UTME_BELLS_UNIVERSITY • 2020 • COMMERCE • objective

A firm is considering the introduction of a new product. The product has a high fixed cost, but a low variable cost. What type of market structure is this firm likely to operate in?

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 Bells University 2020 Commerce Question 37. It is one of the objective questions from the 2020 Post Utme Bells University Commerce examination.

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