Post Utme Ims U 2024 Economics Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 16 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

The Nigerian government has introduced a new policy to increase agricultural production. The policy includes providing subsidies to farmers, improving irrigation systems, and increa\sing access to credit. However, the policy also includes a provision that allows the government to seize land from farmers who fail to meet production targets. Which of the following market structures best describes the situation?

Answer Options

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

About This Question

This is Post Utme Ims U 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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