Post Utme Uniben 2020 Commerce Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Uniben Commerce examination.

Post Utme Uniben 2020 Commerce Objective / Multiple Choice
Question 22 POST_UTME_UNIBEN • 2020 • COMMERCE • objective

A firm specializes in producing only one product. What is the economic term for this type of specialization?

Answer Options

A. Monopolistic competition
B. Perfect competition
C. Monopoly
Correct Answer D. Single-product specialization
Correct Answer
D
Correct Option:
Single-product specialization

About This Question

This is Post Utme Uniben 2020 Commerce Question 22. It is one of the objective questions from the 2020 Post Utme Uniben Commerce examination.

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