Post Utme Uniosun 2024 Commerce Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2024 Commerce Objective / Multiple Choice
Question 34 POST_UTME_UNIOSUN • 2024 • COMMERCE • objective

A firm specializes in producing a particular good due to economies of scale. However, this specialization leads to a decrease in the variety of goods produced. Which of the following is a consequence of this specialization?

Answer Options

A. Increased production costs
Correct Answer B. Decreased consumer choice
C. Improved product quality
D. Increased competition
Correct Answer
B
Correct Option:
Decreased consumer choice

About This Question

This is Post Utme Uniosun 2024 Commerce Question 34. It is one of the objective questions from the 2024 Post Utme Uniosun Commerce examination.

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