Post Utme Eksu 2018 Commerce Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Eksu Commerce examination.

Post Utme Eksu 2018 Commerce Objective / Multiple Choice
Question 11 POST_UTME_EKSU • 2018 • COMMERCE • objective

In a perfectly competitive market, the law of one price dictates that the price of a commodity will be the same everywhere, but this is not always the case. What is the primary reason for the deviation from the law of one price?

Answer Options

A. Transportation costs
Correct Answer B. Tariffs and trade barriers
C. Monopoly power
D. Seasonal fluctuations
Correct Answer
B
Correct Option:
Tariffs and trade barriers

About This Question

This is Post Utme Eksu 2018 Commerce Question 11. It is one of the objective questions from the 2018 Post Utme Eksu Commerce examination.

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