Post Utme Bells University 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Bells University Economics examination.

Post Utme Bells University 2021 Economics Objective / Multiple Choice
Question 4 POST_UTME_BELLS_UNIVERSITY • 2021 • ECONOMICS • objective

A diagram shows a supply curve that is upward-sloping and has a positive slope. Which of the following is a characteristic of the market structure depicted in the diagram?

Answer Options

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

About This Question

This is Post Utme Bells University 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Bells University Economics examination.

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