Post Utme Bells University 2024 Commerce Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Bells University Commerce examination.

Post Utme Bells University 2024 Commerce Objective / Multiple Choice
Question 32 POST_UTME_BELLS_UNIVERSITY • 2024 • COMMERCE • objective

Which of the following is a characteristic of a perfectly competitive market?

Answer Options

A. A single buyer or seller
Correct Answer B. A large number of buyers and sellers
C. Barriers to entry and exit
D. A single price for the product
Correct Answer
B
Correct Option:
A large number of buyers and sellers

About This Question

This is Post Utme Bells University 2024 Commerce Question 32. It is one of the objective questions from the 2024 Post Utme Bells University Commerce examination.

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