Post Utme Rhema University 2017 Commerce Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2017 Commerce Objective / Multiple Choice

Question 29 POST_UTME_RHEMA_UNIVERSITY • 2017 • COMMERCE • objective

In a perfectly competitive market, the demand curve for a firm's product is its marginal revenue curve. Which of the following is a characteristic of a perfectly competitive market?

Answer Options

Correct Answer A. Many buyers and sellers

B. Barriers to entry are high

C. Firms have complete control over price

D. Firms produce identical products

Correct Answer

Correct Option:

Many buyers and sellers

About This Question

This is Post Utme Rhema University 2017 Commerce Question 29. It is one of the objective questions from the 2017 Post Utme Rhema University Commerce examination.

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