Post Utme Veritas University 2024 Commerce Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2024 Commerce Objective / Multiple Choice
Question 5 POST_UTME_VERITAS_UNIVERSITY • 2024 • COMMERCE • objective

A perfectly competitive market is characterized by a large number of firms producing a homogeneous product, free entry and exit, and

Answer Options

A. a single buyer
B. a single seller
Correct Answer C. free entry and exit
D. barriers to entry
Correct Answer
C
Correct Option:
free entry and exit

About This Question

This is Post Utme Veritas University 2024 Commerce Question 5. It is one of the objective questions from the 2024 Post Utme Veritas University Commerce examination.

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