Post Utme Summit University 2021 Commerce Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Summit University Commerce examination.

Post Utme Summit University 2021 Commerce Objective / Multiple Choice
Question 1 POST_UTME_SUMMIT_UNIVERSITY • 2021 • COMMERCE • objective
Post Utme Summit University 2021 Commerce Question 1 diagram

Which of the following is a characteristic of a monopolistically competitive market?

Answer Options

A. High barriers to entry
Correct Answer B. Many firms producing a differentiated product
C. Perfectly elastic demand curve
D. Price leader
Correct Answer
B
Correct Option:
Many firms producing a differentiated product

About This Question

This is Post Utme Summit University 2021 Commerce Question 1. It is one of the objective questions from the 2021 Post Utme Summit University Commerce examination.

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