Post Utme Summit University 2020 Commerce Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Summit University Commerce examination.

Post Utme Summit University 2020 Commerce Objective / Multiple Choice

Question 20 POST_UTME_SUMMIT_UNIVERSITY • 2020 • COMMERCE • objective

A perfectly competitive market is characterized by

Answer Options

A. A single buyer and a single seller

Correct Answer B. Many buyers and many sellers

C. A single buyer and many sellers

D. Many buyers and a single seller

Correct Answer

Correct Option:

Many buyers and many sellers

About This Question

This is Post Utme Summit University 2020 Commerce Question 20. It is one of the objective questions from the 2020 Post Utme Summit University Commerce examination.

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