Post Utme Joseph Ayo Babalola University 2021 Economics Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2021 Economics Objective / Multiple Choice
Question 21 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm operating in a perfectly competitive market is characterized by which of the following?

Answer Options

A. A \single price setter
Correct Answer B. Many buyers and sellers
C. A price ceiling
D. A price floor
Correct Answer
B
Correct Option:
Many buyers and sellers

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Economics Question 21. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

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