Post Utme Unn 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 25 POST_UTME_UNN • 2024 • ECONOMICS • objective

A country's agricultural sector is characterized by a high degree of monopolistic competition. Which of the following is a consequence of this market structure?

Answer Options

A. High barriers to entry.
Correct Answer B. Low barriers to entry.
C. High prices.
D. Low prices.
Correct Answer
B
Correct Option:
Low barriers to entry.

About This Question

This is Post Utme Unn 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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