Post Utme Oau 2017 Commerce Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Oau Commerce examination.

Post Utme Oau 2017 Commerce Objective / Multiple Choice
Question 1 POST_UTME_OAU • 2017 • COMMERCE • objective

A firm specializes in producing a single product, which is a type of commodity. The commodity is characterized by its homogeneity and perfect substitutability. What is the name of this type of commodity?

Answer Options

A. Standardized commodity
B. Differentiated product
C. Homogeneous product
Correct Answer D. Perfectly competitive commodity
Correct Answer
D
Correct Option:
Perfectly competitive commodity

About This Question

This is Post Utme Oau 2017 Commerce Question 1. It is one of the objective questions from the 2017 Post Utme Oau Commerce examination.

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