Post Utme Joseph Ayo Babalola University 2020 Commerce Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2020 Commerce Objective / Multiple Choice
Question 25 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A company is considering the introduction of a new product. The product has a high fixed cost and a low variable cost. What type of market structure is this company likely to operate in?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Commerce Question 25. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

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