Post Utme Mountain Top University 2025 Economics Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice
Question 37 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

A firm in Nigeria faces a market structure with a \single buyer and multiple sellers. Which of the following is a characteristic of this market structure?

Answer Options

A. The market structure is perfectly competitive
B. The market structure is monopolistically competitive
C. The market structure is oligopolistic
Correct Answer D. The market structure is monopsonistic
Correct Answer
D
Correct Option:
The market structure is monopsonistic

About This Question

This is Post Utme Mountain Top University 2025 Economics Question 37. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

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