Post Utme Summit University 2023 Economics Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Summit University Economics examination.

Post Utme Summit University 2023 Economics Objective / Multiple Choice
Question 21 POST_UTME_SUMMIT_UNIVERSITY • 2023 • 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. Many buyers and sellers
C. A large market share
D. A high degree of product differentiation
Correct Answer
B
Correct Option:
Many buyers and sellers

About This Question

This is Post Utme Summit University 2023 Economics Question 21. It is one of the objective questions from the 2023 Post Utme Summit University Economics examination.

View More Post Utme Summit University 2023 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