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  4. JAMB 2001
  5. An imperfect market...

An imperfect market exist where?

Economics
JAMB 2001
An imperfect market exist where?
  • A. the product is homogenous
  • B. there is perfect information among sellers
  • C. both buyers and sellers have free entry into and free exits from the market
  • D. the location of some sellers gives them an advantage over others
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Correct Answer: Option D
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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