Post Utme Pan Atlantic University 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ECONOMICS • objective

A country's agricultural sector is characterized by a high degree of concentration, with a few large farms dominating the market. Which of the following is a consequence of this market structure?

Answer Options

A. Increased competition among farmers
B. Reduced prices for agricultural products
Correct Answer C. Increased prices for agricultural products
D. Reduced productivity among farmers
Correct Answer
C
Correct Option:
Increased prices for agricultural products

About This Question

This is Post Utme Pan Atlantic University 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.

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