Post Utme Delsu 2017 Geography Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Delsu Geography examination.

Post Utme Delsu 2017 Geography Objective / Multiple Choice
Question 23 POST_UTME_DELSU • 2017 • GEOGRAPHY • objective
Post Utme Delsu 2017 Geography Question 23 diagram

The diagram below shows a simple economic model. Which of the following is a characteristic of a perfectly competitive market?

Answer Options

A. Barriers to entry
B. Monopoly power
Correct Answer C. Free entry and exit
D. Price ceilings
Correct Answer
C
Correct Option:
Free entry and exit

About This Question

This is Post Utme Delsu 2017 Geography Question 23. It is one of the objective questions from the 2017 Post Utme Delsu Geography examination.

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