Post Utme Wellspring University 2025 Commerce Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2025 Commerce Objective / Multiple Choice
Question 20 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • COMMERCE • objective

A firm is considering the introduction of a new product into the market. The product has a high fixed cost of production, but a low variable cost of production. What type of market structure is this product likely to be in?

Answer Options

A. Perfect competition
Correct Answer B. Monopoly
C. Monopolistic competition
D. Oligopoly
Correct Answer
B
Correct Option:
Monopoly

About This Question

This is Post Utme Wellspring University 2025 Commerce Question 20. It is one of the objective questions from the 2025 Post Utme Wellspring University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support