Post Utme Wellspring University 2022 Economics Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2022 Economics Objective / Multiple Choice

Question 1 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ECONOMICS • objective

A firm operating in a perfectly competitive market is characterized by which of the following?

Answer Options

A. A \single price setter

Correct Answer B. A large number of firms producing a homogeneous product

C. A firm that can influence the market price

D. A firm that produces a differentiated product

Correct Answer

Correct Option:

A large number of firms producing a homogeneous product

About This Question

This is Post Utme Wellspring University 2022 Economics Question 1. It is one of the objective questions from the 2022 Post Utme Wellspring University Economics examination.

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