Post Utme Rsu 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 20 POST_UTME_RSU • 2023 • ECONOMICS • objective

A country's agricultural sector is characterized by a high degree of market power, leading to a significant price distortion. If the government intervenes to correct the price distortion, what is the likely outcome for the agricultural sector?

Answer Options

Correct Answer A. The agricultural sector will become more competitive.
B. The agricultural sector will become less competitive.
C. The agricultural sector will experience a decrease in output.
D. The agricultural sector will experience an increase in output.
Correct Answer
A
Correct Option:
The agricultural sector will become more competitive.

About This Question

This is Post Utme Rsu 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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