Post Utme Pan Atlantic University 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2018 Economics Objective / Multiple Choice
Question 27 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ECONOMICS • objective

Agricultural development in Nigeria is hindered by the lack of access to credit by small-scale farmers. What type of market failure is this an example of?

Answer Options

A. Monopoly
B. Monopsony
Correct Answer C. Market failure due to information asymmetry
D. Market failure due to externalities
Correct Answer
C
Correct Option:
Market failure due to information asymmetry

About This Question

This is Post Utme Pan Atlantic University 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Economics examination.

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