Post Utme Uniben 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Uniben Economics examination.

Post Utme Uniben 2023 Economics Objective / Multiple Choice
Question 33 POST_UTME_UNIBEN • 2023 • ECONOMICS • objective

A country has a market structure that is characterized by a \single buyer and multiple sellers. What is the market structure?

Answer Options

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

About This Question

This is Post Utme Uniben 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Uniben Economics examination.

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