Post Utme Madonna University 2024 Economics Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice
Question 11 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

A perfectly competitive market has the following characteristics: (a) A \single buyer and seller, (b) A \single product, (c) Free entry and exit, (d) A fixed price. Which of the following is NOT a characteristic of a perfectly competitive market?

Answer Options

A. A \single buyer and seller
B. A \single product
C. Free entry and exit
Correct Answer D. A fixed price
Correct Answer
D
Correct Option:
A fixed price

About This Question

This is Post Utme Madonna University 2024 Economics Question 11. It is one of the objective questions from the 2024 Post Utme Madonna University Economics examination.

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