Post Utme Rhema University 2025 Commerce Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2025 Commerce Objective / Multiple Choice
Question 37 POST_UTME_RHEMA_UNIVERSITY • 2025 • COMMERCE • objective

A company is considering the introduction of a new product. The product has a high fixed cost of production, but a low variable cost. Which of the following best describes the type of market structure that this company is operating in?

Answer Options

A. Perfect competition
B. Monopoly
C. Oligopoly
Correct Answer D. Monopolistic competition
Correct Answer
D
Correct Option:
Monopolistic competition

About This Question

This is Post Utme Rhema University 2025 Commerce Question 37. It is one of the objective questions from the 2025 Post Utme Rhema University Commerce examination.

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