Post Utme Elizade University 2020 Economics Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2020 Economics Objective / Multiple Choice
Question 16 POST_UTME_ELIZADE_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 maker
Correct Answer B. Many firms producing a homogeneous product
C. A firm with market power
D. A firm with a fixed price
Correct Answer
B
Correct Option:
Many firms producing a homogeneous product

About This Question

This is Post Utme Elizade University 2020 Economics Question 16. It is one of the objective questions from the 2020 Post Utme Elizade University Economics examination.

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