Post Utme Summit University 2023 Commerce Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Summit University Commerce examination.

Post Utme Summit University 2023 Commerce Objective / Multiple Choice
Question 31 POST_UTME_SUMMIT_UNIVERSITY • 2023 • COMMERCE • objective

In a perfectly competitive market, the supply curve is horizontal because

Answer Options

A. Firms can produce any quantity at the same price
Correct Answer B. Firms have no control over market price
C. Firms can produce any quantity at the same price, but with varying costs
D. Firms have no control over market price, but with varying costs
Correct Answer
B
Correct Option:
Firms have no control over market price

About This Question

This is Post Utme Summit University 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Summit University Commerce examination.

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