Post Utme Uniben 2022 Economics Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Uniben Economics examination.

Post Utme Uniben 2022 Economics Objective / Multiple Choice
Question 1 POST_UTME_UNIBEN • 2022 • ECONOMICS • objective

A firm operating in a perfectly competitive market is characterized by which of the following?

Answer Options

A. A \single price setter
Correct Answer B. A firm that is a price taker
C. A firm that produces a homogeneous product
D. A firm that has complete control over the market
Correct Answer
B
Correct Option:
A firm that is a price taker

About This Question

This is Post Utme Uniben 2022 Economics Question 1. It is one of the objective questions from the 2022 Post Utme Uniben Economics examination.

View More Post Utme Uniben 2022 Economics Questions More Post Utme Uniben 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