Post Utme Summit University 2018 Economics Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Summit University Economics examination.

Post Utme Summit University 2018 Economics Objective / Multiple Choice
Question 26 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ECONOMICS • objective

A firm operating in a perfectly competitive market is characterized by which of the following?

Answer Options

A. A \single price maker
Correct Answer B. A large number of firms producing a homogeneous product
C. A firm that can influence the market price
D. A firm that operates in a monopoly market
Correct Answer
B
Correct Option:
A large number of firms producing a homogeneous product

About This Question

This is Post Utme Summit University 2018 Economics Question 26. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.

View More Post Utme Summit University 2018 Economics Questions More Post Utme Summit University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support