Post Utme Bells University 2020 Commerce Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Bells University Commerce examination.

Post Utme Bells University 2020 Commerce Objective / Multiple Choice
Question 39 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 39. It is one of the objective questions from the 2020 Post Utme Bells University Commerce examination.

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