by Sunday | Aug 5 | Economics WAEC
A. pure monopoly B. perfect monopoly C. perfect competition D. monopsonist competition Correct Answer: Option A – pure monopoly
by Sunday | Aug 5 | Economics WAEC
A. normal profit B. abnormal profit C. marginal profit D. no profit Correct Answer: Option A – normal profit
by Sunday | Aug 5 | Economics WAEC
A. stimulate demand for rival products B. create demand for a particular product C. enables the product to penetrate the market D. enable the product to compete with others Correct Answer: Option B – create demand for a particular...
by Sunday | Aug 5 | Economics WAEC
A. raise his profit and lower his costs B. discourage buyers from cheating C. determine what he will produce D. set his price to maximize his profit Correct Answer: Option D – set his price to maximize his profit
by Sunday | Aug 5 | Economics WAEC
A. peasant agriculture B. plantation agriculture C. co-operative farming D. subsistence farming Correct Answer: Option D – subsistence farming