Post Utme Bowen University 2018 Commerce Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice

Question 36 POST_UTME_BOWEN_UNIVERSITY • 2018 • COMMERCE • objective

In a perfectly competitive market, the demand curve for a firm's product is its marginal revenue curve. Which of the following is a characteristic of a perfectly competitive market?

Answer Options

Correct Answer A. Many buyers and sellers

B. Barriers to entry are high

C. Firms produce homogeneous products

D. Firms have complete control over prices

Correct Answer

Correct Option:

Many buyers and sellers

About This Question

This is Post Utme Bowen University 2018 Commerce Question 36. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.

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