Post Utme Ui 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_UI • 2018 • ECONOMICS • objective

A market structure is characterized by a \single firm producing a homogeneous product, and the firm has complete control over the market price. What is the market structure?

Answer Options

A. Perfect Competition
Correct Answer B. Monopoly
C. Monopolistic Competition
D. Oligopoly
Correct Answer
B
Correct Option:
Monopoly

About This Question

This is Post Utme Ui 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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