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What do we call a market where there is large number of buyers and sellers,...

Economics
JAMB 1979
What do we call a market where there is large number of buyers and sellers, such that no one has an appreciable influence over prices?
  • A. Free market
  • B. Perfectly competitive market
  • C. Controllled market
  • D. Stock exchange market
  • E. Open market
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Correct Answer: Option B
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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789