Post Utme Skyline University 2018 General Studies Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Skyline University General Studies examination.

Post Utme Skyline University 2018 General Studies Objective / Multiple Choice
Question 22 POST_UTME_SKYLINE_UNIVERSITY • 2018 • GENERAL STUDIES • objective

A student is studying the concept of supply and demand in economics. Which of the following is a characteristic of a perfectly competitive market?

Answer Options

A. A single buyer or seller has significant market power
Correct Answer B. Many buyers and sellers are present in the market
C. The market is characterized by a single product or service
D. The market is characterized by a fixed price
Correct Answer
B
Correct Option:
Many buyers and sellers are present in the market

About This Question

This is Post Utme Skyline University 2018 General Studies Question 22. It is one of the objective questions from the 2018 Post Utme Skyline University General Studies examination.

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