Post Utme Ksu 2018 Economics Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice

Question 25 POST_UTME_KSU • 2018 • ECONOMICS • objective

The concept of market structure refers to the characteristics of a market that affect the behavior of firms. Which of the following is a characteristic of a perfectly competitive market?

A. The market has a \single buyer.

B. The market has a \single seller.

Correct Answer C. The market has many buyers and sellers.

D. The market has a downward-sloping demand curve.

Correct Answer

Correct Option:

The market has many buyers and sellers.

This is Post Utme Ksu 2018 Economics Question 25. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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