Post Utme Igbinedion University 2023 Commerce Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2023 Commerce Objective / Multiple Choice
Question 22 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • COMMERCE • objective

A company is considering the introduction of a new product. The product is expected to have a high demand, but the production costs are high. What type of market structure is this company operating in?

Answer Options

A. Perfect Competition
B. Monopoly
C. Monopolistic Competition
Correct Answer D. Oligopoly
Correct Answer
D
Correct Option:
Oligopoly

About This Question

This is Post Utme Igbinedion University 2023 Commerce Question 22. It is one of the objective questions from the 2023 Post Utme Igbinedion University Commerce examination.

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