Post Utme Lead City University 2024 Commerce Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2024 Commerce Objective / Multiple Choice
Question 19 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • COMMERCE • objective

A firm is considering introducing a new product. The product has a high fixed cost but low variable cost. What type of market structure is this firm likely to be 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 Lead City University 2024 Commerce Question 19. It is one of the objective questions from the 2024 Post Utme Lead City University Commerce examination.

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