Post Utme Noun 2018 General Studies Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Noun General Studies examination.

Post Utme Noun 2018 General Studies Objective / Multiple Choice
Question 4 POST_UTME_NOUN • 2018 • GENERAL STUDIES • objective

What is the main difference between a monopsony and a monopoly?

Answer Options

Correct Answer A. A monopsony has a single buyer, while a monopoly has a single seller
B. A monopsony has a single seller, while a monopoly has a single buyer
C. A monopsony has a single buyer and a single seller
D. A monopoly has a single buyer and a single seller
Correct Answer
A
Correct Option:
A monopsony has a single buyer, while a monopoly has a single seller

About This Question

This is Post Utme Noun 2018 General Studies Question 4. It is one of the objective questions from the 2018 Post Utme Noun General Studies examination.

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