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Economics 2009 WAEC Past Questions

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26
which of these is true of a perfect competitor?
  • A. P = AR < MR
  • B. P > AR = MR
  • C. P = MR < AR
  • D. P = AR = MR
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27
One advantage of a sole proprietor is that
  • A. it can be managed without conflicts
  • B. the sole proprietor raises money from the public
  • C. it makes an increase in the volume of business possible
  • D. there is no limit to the number pf people who may bring in capital
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28
which of the following is a condition necessary for a perfect market?
  • A. the goods are heterogenous
  • B. there is preferential treatment
  • C. there is a large number of buyers and sellers
  • D. buyers and sellers are easily influenced
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29
A market in which a single price obtains for a product is known as
  • A. a product market
  • B. a capital price market
  • C. an imperfect market
  • D. a perfect market
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30
what is the effect of pursuit of higher education on the size of labour force?
  • A. it makes labour force to be defective
  • B. it brings higher wage rate
  • C. it increases the size of labour force
  • D. it reduces the size of labour force
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709