Post Utme Uniosun 2019 Economics Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2019 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNIOSUN • 2019 • 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 firms producing a homogeneous product
C. A firm with a high degree of market power
D. A firm that is the only supplier of a good or service
Correct Answer
B
Correct Option:
Many firms producing a homogeneous product

About This Question

This is Post Utme Uniosun 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Uniosun Economics examination.

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