Post Utme Bowen University 2020 Economics Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2020 Economics Objective / Multiple Choice
Question 21 POST_UTME_BOWEN_UNIVERSITY • 2020 • ECONOMICS • objective

A firm operating in a perfectly competitive market is characterized by which of the following?

Answer Options

A. A \single price setter
Correct Answer B. A large number of firms producing a homogeneous product
C. A firm that can influence the market price
D. A firm that produces a differentiated product
Correct Answer
B
Correct Option:
A large number of firms producing a homogeneous product

About This Question

This is Post Utme Bowen University 2020 Economics Question 21. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.

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